IRB Infrastructure Trust’s SPV, IRB Harihara Corridors Pvt. Ltd., has commenced toll collection on the Lucknow-Ayodhya-Gorakhpur NH-27 and Lucknow-Sultanpur section of Lucknow-Varanasi NH-731, effective January 23, 2026. This follows an upfront concession fee payment of Rs. 9,270 Crores to NHAI and completion of financial closure. The concession period is 20 years.
TOT-17 Project Operational
IRB Harihara Corridors Pvt. Ltd., the Project SPV of IRB Infrastructure Trust, has officially started toll collection on the Lucknow-Ayodhya-Gorakhpur NH-27 and Lucknow-Sultanpur section of Lucknow-Varanasi NH-731 from January 23, 2026. The project covers key routes in Uttar Pradesh, enhancing connectivity across important cities.
Financial Details & Project Timelines
The Project SPV has made an upfront concession fee payment of Rs. 9,270 Crores to the National Highway Authority of India (NHAI) on January 22, 2026, after achieving financial closure. The project is set for a revenue-linked concession period of 20 years. This move is expected to provide stable revenue streams over the concession period.
Management Commentary
Mr. Virendra D. Mhaiskar, Chairman and Managing Director of IRB Group, expressed his happiness on the financial closure of the TOT-17 Project, coinciding with the second Consecration Anniversary of Ram Lalla at Shri Ram Mandir, Ayodhya. He highlighted the project’s cultural and spiritual significance, enhancing connectivity among revered religious cities.
Project Scope and Benefits
The TOT-17 Project includes two highway corridors: Lucknow-Ayodhya-Gorakhpur (NH27) and the Lucknow-Sultanpur stretch of Lucknow-Varanasi (NH731), spanning a total length of 366 Kms, with a tollable length of approximately 435 kms. The project aims to enhance safe and efficient travel for pilgrims and commuters, contributing to regional development.
About IRB Group
The IRB Group comprises IRB Infrastructure Developers Ltd. and two listed Infrastructure Investment Trusts. The group manages a portfolio of 28 Highways with approximately 17,500 Operational Lane Kms and an asset base of approximately Rs. 94,000 Crs spread across 13 Indian States.
IRB Group holds a significant market share of 44% in the awarded TOT space, with 6 TOT Assets, followed by the largest BOT portfolio.
Source: BSE
