IRB Infra toll revenue rises nearly 9 pc to Rs 581 cr in May
IRB Infrastructure
on Monday posted a nearly 9 per cent year-on-year rise in its
toll revenue
to Rs 581 crore in May 2025.
Revenues from the toll collection business stood at Rs 536 crore in the same month last year, IRB said in an exchange filing.
Of its 17 tolls, the IRB MP Expressway in Maharashtra contributed the major share of Rs 159.5 crore to the total revenue collection in April, up from Rs 152.6 crore contribution in May 2024.
Play Video
Pause
Skip Backward
Skip Forward
Unmute
Current Time
0:00
/
Duration
0:00
Loaded
:
0%
0:00
Stream Type
LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
1x
Playback Rate
Chapters
Chapters
Descriptions
descriptions off
, selected
Captions
captions settings
, opens captions settings dialog
captions off
, selected
Audio Track
default
, selected
Picture-in-Picture
Fullscreen
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text
Color
White
Black
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Text Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Transparent
Caption Area Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Transparent
Semi-Transparent
Opaque
Font Size
50%
75%
100%
125%
150%
175%
200%
300%
400%
Text Edge Style
None
Raised
Depressed
Uniform
Drop shadow
Font Family
Proportional Sans-Serif
Monospace Sans-Serif
Proportional Serif
Monospace Serif
Casual
Script
Small Caps
Reset
restore all settings to the default values
Done
Close Modal Dialog
End of dialog window.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Online MBA from India's Top Ranked Institute
SRM Online MBA
Learn More
Undo
With Rs 73 crore, IRB Golconda Expressway (Hyderabad ORR) was the second largest contributor to the revenues in May 2025, up from 62.7 crore last year.
Contribution of IRB Ahmedabad Vadodara Super Express Tollway rose to Rs 68.7 crore from Rs 64.5 crore in May 2024, which is the third largest in the aggregate toll collection, it said.
Live Events
Last year, the company added TOT-12 project Lalitpur Lakhnadon NH44 and collected Rs 37.5 crore toll revenue, higher from Rs 35.5 crore a year ago.
"The y-o-y
toll revenue growth
of 9 per cent can be primarily attributed to the vacation season across the country. While pre-monsoon rains did have some minor impact on traffic volumes during the latter half of the month, the overall momentum remains strong," its Deputy CEO Amitabh Murarka said.
This sustained growth trajectory is encouraging and is expected to continue in the coming months, supported by the addition of approximately 4.5 lakh new commercial and passenger vehicles across India in May 2025, along with the expected completion of a few ongoing projects within our portfolio, he said.
IRB is India's first integrated infrastructure player in the highways segment.
It is the country's largest integrated private toll roads and highways infrastructure developer with an asset base of over Rs 80,000 crore in 12 states.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
15 minutes ago
- Time of India
US stock market today: S&P 500 flat, Dow Jones down, Nasdaq‑100 up— biggest gainers, losers as Wall Street eyes US-China trade talks and potential tariff deal
US stock market live update: Dow Jones drops 185 points as investors await US-China trade talks progress- The US stock market opened slightly weaker on Monday, June 9, as Wall Street turned its attention to critical trade talks between the United States and China. Early trading saw the Dow Jones Industrial Average fall by 185 points, or about 0.5%, marking a cautious start to the week. The S&P 500 dipped 0.1%, while the Nasdaq Composite edged up slightly by 0.1% around 9:35 a.m. Eastern Time. Traders are closely watching the developments in London, where senior officials from both countries are meeting to ease long-standing trade tensions. The discussions aim to address a range of economic disputes and possibly roll back mutual tariffs that have been weighing on global supply chains for years. How are the major indices performing? S&P 500 (SPY): Sitting steady at about 599.15, virtually unchanged from the previous close, remaining just under the 6,000 mark. Dow Jones Industrial Average (DIA): Dropping roughly 0.21% to 427.47, reflecting some investor caution. Nasdaq-100 (QQQ): Climbing around 0.16% to 530.77, fueled by strength in the tech sector. Which stocks are making the biggest moves? Top gainers today include: by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Here's What a New Roof Should Cost in 2025 Learn More Undo Warner Bros Discovery: Surging 7-9% following news of a company split. IonQ: Up about 3% after announcing an acquisition of Oxford Ionics. Merck: Rising 1.1%, boosted by positive trial results. Nvidia: Gaining between 1.3% and 2.3%, riding the wave of AI enthusiasm. Qualcomm: Jumping 4.4% on completion of its Alphawave IP purchase. Apple: Adding 0.7%, supported by new AI features unveiled at the WWDC event. Biggest losers include: Robinhood: Dropping 7.4% after being excluded from the S&P 500 index. Tesla: Down between 0.3% and 2%, impacted by a recent downgrade and fallout from Musk-related news. EchoStar: Falling 8.2% amid bankruptcy rumors. Live Events Why are the US and China meeting now — and what's at stake for the stock market? This week's US-China trade talks are seen as pivotal for the global economy. Tariffs imposed in past years have disrupted everything from electronics to heavy equipment. Though those tariffs are currently paused, no permanent deal has been reached. Analysts believe that progress in these talks could help avoid a potential economic slowdown or even a recession, especially if they result in the reduction or removal of tariffs on both sides. A positive outcome could also reignite investor confidence and fuel another leg up in the US stock market rally. These modest moves reflect investor hesitancy. Market players are clearly waiting for concrete news before making big decisions. The S&P 500 remains just 2.5% below its all-time high, buoyed by hopes that the US may reach trade agreements that roll back tariffs globally. What's driving the stock market recovery in 2025? One major factor behind the stock market's strong recovery has been the belief that President Donald Trump will reduce trade barriers as part of broader global deals. After plunging by nearly 20% from its peak two months ago, the S&P 500 has made a swift comeback. That optimism is largely driven by expectations that smoother trade relations — particularly with major economies like China — will relieve pressure on multinational companies and bring stability back to supply chains. Are tariffs still in effect, and why does it matter now? Currently, both the US and China have put a pause on new tariffs, but existing ones remain. These tariffs have cost industries billions, increased consumer prices, and created uncertainty for global manufacturers. What's important now is whether these paused tariffs are finally lifted. This could significantly improve the flow of goods, lower costs, and potentially lead to more business investments, especially in sectors like tech, agriculture, and manufacturing. Could US-China trade deals shape the next market trend? Absolutely. Any meaningful breakthrough in US-China trade negotiations could serve as a key catalyst for markets. Investors are looking for long-term clarity, not just temporary relief. If Monday's talks in London show signs of real progress, we could see increased investor confidence, reduced market volatility, and fresh momentum across Dow Jones, S&P 500, and Nasdaq. But without a deal, continued uncertainty could weigh on the markets in the coming weeks. What's driving the market today? Trade talks between the U.S. and China in London continue to shape investor sentiment, contributing to the Dow's decline and a slight Nasdaq boost. Inflation concerns remain front and center , with traders awaiting this week's CPI and core PCE data releases. Expectations suggest the Federal Reserve may hold interest rates steady for now. Sector trends show technology stocks powering the gains, while healthcare lags behind. What should investors watch next? Investors should keep a close eye on the statements or outcomes from the US-China meetings. Any mention of progress on tariff rollbacks, trade agreements, or economic cooperation could trigger immediate market reactions. It's also worth noting that the Federal Reserve's next move, broader economic indicators, and the 2024 US election climate remain in focus as secondary factors influencing the market direction. FAQs: Q1: Why did the Dow Jones fall 185 points today? The Dow Jones dropped due to investor caution ahead of the US-China trade talks. Q2: What are US-China trade talks about? The talks aim to ease tariffs and settle long-running trade disputes affecting the global economy.
Economic Times
20 minutes ago
- Economic Times
How China's craze for Pakistani donkeys is crushing the cash-strapped country's poor
Ejiao demand fuels price hike Live Events Livelihood at stake Chinese interest and ethical concerns What about meat concerns? (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Abdul Rasheed is in trouble. Last week, his donkey named Tiger, his only source of income, died in an accident. Without a donkey cart, Rasheed has no way to earn money. But buying a new donkey is now a big problem. Prices have shot up to as high as Rs 2 lakh in Karachi and other parts of Pakistan, far more than the Rs 30,000 he paid for Tiger eight years is not alone. Many other poor workers who rely on donkeys for their daily earnings are facing the same crisis. The reason? A growing demand from China, which uses donkey skin to make a traditional medicine called ejiao. It is believed to help with fatigue, improve immunity, reduce tumours, and treat ejiao industry has seen a huge boom. With not enough donkeys at home, Chinese buyers are turning to Pakistan, where donkeys are cheaper and easier to per a PTI report, Dr Guo Jing Feng, who runs a medical centre in Karachi, said China's need for donkey hides is only going to increase. 'This is now a global trade,' he explained, 'and China's demand is much higher than its supply.'Even in the Lyari market, Pakistan's biggest donkey market, prices have jumped. Rasheed says the cheapest healthy donkey he could find was Rs 1.55 lakh. 'How can I afford that? Even if I somehow buy one, what if it dies before I recover my investment?'Donkeys are vital for many industries in Pakistan, from brick kilns and agriculture to transport and even laundry services. Workers like Samad use them to carry heavy loads across rough roads, earning Rs 1,500–2,000 a day, half of which goes into feeding and caring for the around 5.9 million working donkeys, Pakistan is home to the third largest donkey population in the world, after Ethiopia and April 2025, a Chinese delegation met with Pakistan's food security minister to discuss setting up donkey farms. The idea is to use local labour for care and management, which could help Pakistan's not everyone agrees. Dr Asal Khan, a senior official from Khyber Pakhtunkhwa, said some Chinese companies had shown interest in exporting donkeys, but 'we are not allowing that to happen.'Donkey traders say some Chinese buyers are even willing to purchase weak animals just for their hides. In one case, a group paid Rs 40,000 each for 14 unhealthy issues also remain. Saleem Reza of the Karachi Chamber of Commerce says there must be strict rules. 'Donkey meat is haram for us,' he said. 'The government must ensure donkeys are not slaughtered in Pakistan and their meat is not sold illegally.'He added that proper factories are needed to manage hide and meat processing, to make sure nothing enters local markets from PTI
&w=3840&q=100)
Business Standard
22 minutes ago
- Business Standard
NHAI to consider public InvIT to widen investor base, include retail buyers
Aiming to raise public funds for its asset monetisation pipeline, the National Highways Authority of India (NHAI) on Monday said it is considering a new infrastructure investment trust (InvIT) open to retail investors. 'NHAI has successfully launched private InvIT and monetised over 2,300 km of highways. NHAI is now considering launching public InvIT to increase the overall investor base, develop a competitive environment in the InvIT market, and mitigate the risk of a limited investor base. Further, public InvIT will also cater to retail investors, thereby providing access to infrastructure assets,' the highway authority said in its Asset Monetisation Strategy Report. Union highways minister Nitin Gadkari has repeatedly said over the past four years that he wants common citizens to benefit from rapid infrastructure expansion by allowing them to invest in highway projects via InvITs. However, officials said the process has turned out to be lengthy and complicated with tough regulations in place. In its report, NHAI did not confirm it will decisively go through with the proposal. InvITs are one of the three primary modes of highway monetisation used by NHAI, under which a trust manages several road assets and investors can benefit from toll revenues by becoming unitholders. As a department, NHAI has contributed significantly to the first National Monetisation Pipeline. It has achieved 71 per cent of NITI Aayog's NMP Road Sector Pipeline from 2021-22 to 2024-25 (Rs 1.15 trillion achieved out of a target of Rs 1.6 trillion). Total monetisation so far stands at Rs 1.4 trillion. The highways ministry is also likely to be given the steepest target of all government departments in the second monetisation pipeline, which will run up to 2029-30. It will likely have to monetise highways worth Rs 3.5 trillion over the next five years. The authority also mentioned an issue that had previously been a bone of contention between the private sector and government – the determination of Initial Estimated Concession Value (IECV). In 2020, the authority stopped declaring IECV of toll-operate-transfer (TOT) bundles, fearing a concentration of bids around the disclosed price. The sector responded that the disclosure of IECV was an important requirement, after which NHAI started disclosing the assumptions made to reach the IECV, but not the amount itself. Now, it plans to make the disclosure model more transparent. 'By aligning investor expectations with the potential performance of the asset, NHAI will aim to minimise risks and enhance the attractiveness of the investment opportunity through monetisation. Currently, NHAI declares macroeconomic factors such as interest rate, inflation, traffic and revenue growth rate, operating and maintenance expenditure, etc. NHAI will regularly review and update these factors to assist potential investors in preparing more realistic estimations,' it said. NHAI already has initiatives underway to increase the number and volume of ToT bundles and InvIT phases. Specifically, NHAI aims to offer three ToT bundles per quarter, including one smaller (Rs 2,000 crore), one medium (Rs 5,000 crore), and one large (Rs 9,000 crore) bundle, and to conduct one or two InvIT phases each year to cater to a broad spectrum of investors. NHAI will also assess market conditions in future and adjust bundle sizes accordingly, it said.
