The Baord at its meeting held on May 15, 2026 has inter-alia approved to act as the Project Manager for certain Project SPVs of IRB InvIT Fund
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IRB Infrastructure Developers Ltd board has approved continuing as Project Manager for three toll road SPVs under IRB InvIT Fund - IRB Jaipur Deoli Tollway, IRB Pathankot Amritsar Toll Road, and IRB Talegaon Amravati Tollway. The company will provide operation and maintenance services from April 1, 2030 until the end of concession periods. The aggregate contract value is approximately INR 1,136 crore on fixed price basis (around INR 1,340 crore including 18% GST). IRB currently holds 16.57% units of the Public InvIT. The transaction is not classified as a related party transaction and is subject to regulatory approvals.
This secures a long-term revenue stream for IRB starting 2030, extending its relationship with the InvIT. The contract value of over INR 1,100 crore represents significant future earnings visibility for the company.