IRB Infrastructure Offers Highway Assets for Expansion
IRB Infrastructure Trust has proposed transferring two highway assets valued at Rs 4,663 crore to IRB InvIT Fund. These assets, valued by an independent valuer as of March 2026, are part of an expansion strategy aimed at achieving an asset base of Rs 1,40,000 crore by 2029.
On Thursday, IRB Infrastructure Trust announced a proposal to transfer two of its highway assets, totaling Rs 4,663 crore, to the IRB InvIT Fund. These assets, assessed as of March 2026, include Solapur Yedeshi NH211 in Maharashtra and Chittorgarh Gulabpura NH79 in Rajasthan, spanning 1,144 lane kilometers.
The move was approved by the Board of Directors of the Investment Manager of IRB Infrastructure Trust. According to Chairman and Managing Director Virendra D Mhaiskar, this transaction benefits both parties by enhancing asset portfolios and fostering sustainable growth.
Upon requisite clearances, IRB Infrastructure Trust plans to reinvest the deal proceeds into future opportunities, aligning with its objective of achieving a Rs 1,40,000 crore asset base by 2029.
(With inputs from agencies.)
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