Toll Collection

IRB Infrastructure has posted a 21 per cent rise in its toll revenue to Rs 539.6 crore in October. Revenues from the toll collection business stood at Rs 447.8 crore a year ago, IRB said in an exchange filing on Thursday. Of its 17 tolls, IRB MP Expressway in Maharashtra contributed the major share of Rs 142.6 crore to the total revenue collection, followed by IRB Ahmedabad Vadodara Super Express Tollway, which contributed Rs 66.2 crore, it said. The company collected Rs 32.7 crore in toll revenue from CG Tollway (Chittorgarh to Gulabpura NH 79). "Following a good first half in FY25, the third quarter has begun on a strong footing, marked by robust toll collection growth in October 2023. We expect this positive trend to continue, driven by the festive season and increased holiday travel," Amitabh Murarka, Deputy CEO of IRB Infrastructure, said. IRB is India's first integrated infrastructure player in the highways segment. It is the country's largest integrated private toll roads a

IRB Infrastructure on Tuesday posted a 19 per cent year-on rise in its toll revenue to Rs 502 crore in September. Revenues from the toll collection business stood at Rs 421 crore in the same month last year, IRB said in an exchange filing. Out of its 17 tolls, IRB MP Expressway in Maharashtra contributed the major share of Rs 136.8 crore to the total revenue collection, followed by IRB Ahmedabad Vadodara Super Express Tollway, which contributed Rs 58.4 crore, it said. Amitabh Murarka, Deputy Chief Executive Officer of IRB Infrastructure Developers Limited, said, "Our toll revenue has demonstrated resilience despite severe rains in some of the regions. As we look ahead to the festive season, we are optimistic about sustaining the growth, driven by increased travel and economic activities". IRB is India's first integrated infrastructure player in the highways segment. It is the largest integrated private toll roads and highways infrastructure developer in India with an asset base of

Any data sharing in GPS-based systems would have to honour data protection regulations

Under new rules, private vehicles with GNSS can travel up to 20 km daily for free on select highways; a fee will be applied beyond 20 km

Vehicles equipped with On-Board Units (OBUs) featuring GNSS will automatically have tolls deducted based on the distance travelled, with the initial 20 km being free of charge

The uptick in share price came on the back of strong toll revenue collection in May 2024

A female staff at the Kashi toll plaza in Paratpur area on the Delhi-Meerut Expressway experienced major injuries when struck and run over by a car, whose driver fled the spot

Speaking on complaints of exorbitant toll taxes, the Minister pointed out that highways save time and thereby fuel usage as well

The government will soon come out with a tender for introducing GPS-based highway toll collection system on national highways, Union minister Nitin Gadkari said on Wednesday. Gadkari said the pilot projects of GPS-based toll systems of the Ministry of Road Transport and Highways (MoRTH) have been successful and the government will soon come out with a tender for implementing the new toll collection system. "Pilot projects of GPS-based toll systems on national highways to replace toll plazas in the country have been successful... We will soon come out with a tender for introducing GPS-based toll collection systems on national highways," he said at an event here. The move is aimed at reducing traffic congestion and charging motorists for the exact distance travelled on the highways. The road transport and highways ministry has conducted two pilot projects of automatic number plate recognition systems (automatic number plate reader cameras) to enable automated toll collection without

Nitin Gadkari said that it has been decided to initially implement the GNSS-based Electronic Toll Collection (ETC) System at selected sections of National Highways

They account for 19.85 per cent the total length of such roads across the country

In FY24, the revenue growth will continue to be strong, but it will be a lower 9-11 per cent

IRB Infrastructure Developers on Thursday said its total toll collection across all projects has increased 27 per cent year-on-year to Rs 351.75 crore in February 2023. The company had reported the toll collection at Rs 277.47 crore in February 2022, it said in a statement. IRB Infrastructure Developers Chairman & Managing Director Virendra D Mhaiskar said that the February 2023 toll collection on all the corridors has once again revealed the consistency and robustness in the growth over last year; thus, reflecting India's economic stability in the post-pandemic era.

Total toll collection through FASTag on fee plazas, including state highway toll plazas, increased 46 per cent to Rs 50,855 crore in 2022, state-owned NHAI said on Tuesday. Total toll collection through FASTag on fee plazas, including state highway toll plazas, in 2021 was Rs 34,778 crore. The average daily toll collection through FASTag on NH fee plazas in December 2022 was Rs 134.44 crore, and the single day highest collection touched Rs 144.19 crore on December 24, 2022, the National Highways Authority of India (NHAI) said in a statement. Similarly, the statement said the number of FASTag transactions also witnessed a growth of about 48 per cent year-on-year in 2022. The number of FASTag transactions in 2021 and 2022 was 219 crore and 324 crore, respectively, it added. The statement said with 6.4 crore FASTags issued as of date, the total number of FASTag-enabled fee plazas across the country also grew to 1,181 (including 323 state highway fee plazas) in 2022 from 922 in the ..

State-owned NHAI has no information about faulty FASTags and the penalties collected from motorists in case their FASTags are non-functional at highway toll plazas. In case a motorist does not have a FASTag or it is non-functional, then the person has to pay double the toll charges at toll plazas. According to the National Highways Authority of India (NHAI), more than 6 crore FASTags have been issued as on October 31, 2022. However, it has no information about the number of faulty FASTag cases and the total amount of penalty collected from users despite having their vehicles fitted with the Radio Frequency Identification (RFID) tag. In response to RTI queries about the number of faulty FASTag cases and the amount of penalties collected from the users for non-functional FASTags, NHAI said, "no such data is available". "Total no. of 60,277,364 FASTags have been issued till 31.10.2022," it said in response to an application filed by PTI under the Right to Information Act. A FASTag a

Automatic number plate reader cameras will read the number plates of the vehicles and automatically deduct the money from the owner's bank account

The recent surge in Covid infections as well as subsequent localised lockdowns emanating from Omicron spread are likely to shave off around 100 bps of growth in toll collections in fiscal year 2021-22

"Once the Delhi-Mumbai Expressway is completed and opened for the public, we will get at least Rs 1,000-1,500 crore as toll revenues every month," he told PTI in an interview.

The number of vehicles, which was rising since the start of the year, dipped to 116.48 million in May when a majority of the states imposed lockdowns to curb the spread of coronavirus

Borrowing up seven times in five years, growing at a CAGR of 47.6 per cent from Rs 45,300 crore at the end of March 2016