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IRB Infra gains as toll collection rises in April

17-May-22 13:27Hrs IST

The gross toll collections in April last year was at Rs 196.64 crore. The figures were steeply lower last year due to Covid-related lockdowns in many parts of the country.

Additionally, the toll collection at Kaithal Tollway was suspended in April 2021 on account of farmers agitation.

Kaithal Tollway is a part of National Highways 65, which connects Ambala in Haryana with Pali in Rajasthan.

IRB Infra is an integrated roads and highways infrastructure developer, with major presence in the Build-Operate-Transfer (BOT) space.

The board of IRB Infra is scheduled to meet on 17 May 2022 to consider audited financial results for the year ended 31 March 2022.

On a consolidated basis, net profit of IRB Infrastructure Developers rose 4.61% to Rs 72.68 crore on 17.33% decline in net sales to Rs 1279.11 crore in Q3 December 2021 over Q3 December 2020.

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