Fast Track to Growth: IRB’s ₹1,200 Cr Highway Takeover

IRB Infrastructure and Developers (IRB) has successfully completed the acquisition of the Gandeva Ena (VM7) HAM highway assets, valued at approximately ₹1,200 crore.

The acquisition, executed through the IRB InvIT Fund, is part of the New Delhi Greenfield Expressway project. The hybrid annuity model (HAM), introduced by NHAI in 2016, continues to serve as a key public-private partnership framework for infrastructure development in India. With this transaction, the IRB InvIT Fund’s portfolio now includes 10 highway assets—eight BOT and two HAM projects—spanning 4,445 lane kilometres and valued at around ₹17,600 crore.

Rushabh Gandhi, Executive Director and CFO of IRB, highlighted that the acquisition was funded through debt, optimising the company’s capital structure. As India’s largest private toll road and highway developer, IRB has an asset base exceeding ₹90,000 crore across 13 states.

News by Rahul Yelligetti.