Infra stocks rally 19% as Cabinet approves measures to revive road sector

TOT is an asset monetisation model, where the government transfers the right to operate and maintain a highway to successful bidder for a period of 30 years.

Shares of infrastructure developers including IRB Infrastructure Developers, Sabhav Engineering, KNR Constructions, and NCC zoomed up to 19 per cent on the BSE on Thursday after the Union Cabinet on Wednesday amended rules regarding the Toll-Operate-Transfer (TOT) model of the highway monetisation programme. Under the new rules, projects which are operational and have toll revenue generation history of one year, as against the earlier criteria of two years, after the Commercial Operations Date (COD) shall be monetised through the TOT model.

"This approval would ensure a wider set of assets for monetisation and providing a more attractive model for the