Update received from IRB Infrastructure Trust, for commencement of toll collection - Ganga Expressway Project
IRB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IRB Infrastructure Trust has commenced toll collection on the Ganga Expressway (Group 1) Project from May 17, 2026. The project is operated by Meerut Budaun Expressway Private Limited, a Special Purpose Vehicle under the trust. This follows the trial run traffic operations that began on April 29, 2026. The commencement of toll collection marks the transition from trial operations to full commercial revenue generation for this expressway project. This update is being filed by IRB Infrastructure Developers as the Associate company of the Trust.
Positive for shareholders as the project has moved into revenue-generating operations. Toll collection will now contribute to the Trust's income, which could support distributions to unitholders. For IRB Infrastructure Developers, this strengthens the value of their associate investment in the Trust.