IRB Trust signs TOT-17 Concession Agreement with NHAI; Rs 9,270 Cr fee

Order Above 5pct RevenueBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+2.1%Reaction day

₹20.60

prior close

₹20.62

announcement price

After-mkt

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.4%+1.7% vs market

Civil Construction peers, median of 96sector+0.2%+1.9% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Smallcap 250 and 1.9 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

+2.1+0.4+1.7+0.2+1.9

Next day

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UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 96Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

IRB Infrastructure Trust SPV has signed the Concession Agreement with NHAI for the TOT-17 project covering 366.096 km of highway sections in Uttar Pradesh (Lucknow-Ayodhya, Ayodhya-Gorakhpur, Lucknow-Sultanpur). The Trust will pay an upfront concession fee of Rs 9,270 Crores for a 20-year revenue-linked period. Annual tariff revision is fixed 3% plus 40% of WPI. Project accretes Trust portfolio by around 20% to about Rs 65,000 Crore. IRB Infra will be the Project Manager.

Likely market impact

Major project execution boosts Trust portfolio by 20%, giving long-term revenue and cashflow visibility for IRB as Project Manager.