IRB Infrastructure Developers, a leading highway infrastructure player, has released its toll collection data for the month of January. As per the exchange filing, the Mumbai-headquartered company registered a growth of 36 per cent in overall toll collection. The collections in January stood at Rs 374.81 crore, as against Rs 276.44 crore in the same month last year.
IRB Infra Chairman and MD Virendra D Mhaiskar said the company has consistently registered a strong growth in toll collection across all projects.
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“It reflects the economic stability that India has achieved in the post-pandemic era and these corridors are playing an important role in this,” he said.
IRB Infra is the largest integrated private toll road and highway infrastructure developer in the country. Earlier this week, the company’s board had set a record for sub-division of equity shares. The company has announced to split its shares in the ratio of 1:10. This means that one share of face value of Rs 10 will be divided into 10 shares of Rs 1 each.
According to the exchange filing, the record date for the split is February 22.
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The rationale behind the split is to increase the liquidity in the market, widen the shareholder base and make the shares more affordable for small investors.
Meanwhile, IRF Infra is set to announce its December quarter earnings on Friday, February 10.