IRB InvIT Fund gains as its gross toll collection rises 13% in February 2023
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IRB InvIT Fund is currently trading at Rs. 72.56, up by 0.74 points or 1.03% from its previous closing of Rs. 71.82 on the BSE.
The scrip opened at Rs. 71.25 and has touched a high and low of Rs. 72.90 and Rs. 71.25 respectively. So far 18893 shares were traded on the counter.
The BSE group 'IF' stock of face value Rs. 87.9 has touched a 52 week high of Rs. 72.90 on 13-Mar-2023 and a 52 week low of Rs. 52.00 on 16-May-2022.
Last one week high and low of the scrip stood at Rs. 72.90 and Rs. 69.44 respectively.
IRB InvIT Fund’s gross toll collection in February 2023 stood at Rs 75.52 crore as compared to Rs 67.01 crore in February 2022 i.e. up by 12.70%. On month on month basis, the company has reported marginal rise of 2.22% in February 2023 over January 2023 when collection was Rs 73.88 crore.
In the month of February 2023, under IRB InvIT Fund, IRB Tumkur Chitradurga Tollway collected Rs 31.15 crore, toll of Rs 12.22 crore was received to IRB Pathankot Amritsar Toll Road, IRB Jaipur Deoli Tollway has collected Rs 12.45 crore, M.V.R. Infrastructure and Tollways has received toll of Rs 13.05 crore and toll of Rs 6.65 crore was received to IRB Talegaon Amravati Tollway.
Meanwhile, toll collection at IRB Pathankot Amritsar Toll Road was temporarily suspended due to farmer’s protests with effective from December 16, 2022, which has recommenced on January 15, 2023. The concession period for IDAA Infrastructure i.e. Bharuch Surat and IRB Surat Dahisar Tollway i.e. Surat Dahisar project ended on March 31, 2022 and May 25, 2022 respectively and the projects were handed over to National Highway Authority of India (NHAI).
IRB InvIT Fund is an India-based infrastructure investment trust.
