Archive · 23 Dec 2025
IRB Wins Rs 3087 Cr Bid for Odisha Highway
IRB Infrastructure Trust won a big bid for a highway in Odisha.
They paid Rs 3087 crore for a 74.5 km stretch of the NH-16 road.
This is their second big win in five weeks.
They also won a bid for roads in Uttar Pradesh for Rs 9270 crore.
The company will now manage these roads and collect tolls for 20 years.
This helps the government get money upfront.
The National Highways Authority of India (NHAI) wants to raise more money this way.
They have already raised a lot and plan to raise even more in the future.
IRB Infrastructure Trust won a Rs 3087 crore bid for the Chandikhole Bhadrak Section of NH-16 in Odisha.
This is the second major highway bid win for IRB in five weeks.
The company previously won a Rs 9270 crore bid for three road stretches in Uttar Pradesh.
IRB will manage these roads and collect tolls for 20 years.
NHAI aims to raise Rs 30,000 crore through asset monetisation this year.
- Who
- IRB Infrastructure Trust
- What
- Won a bid for a highway stretch in Odisha
- When
- Recent bid, previous bid in November
- Where
- Chandikhole Bhadrak Section of NH-16, Odisha
- Why
- To expand infrastructure footprint and monetize assets
- Bidder
- IRB Infrastructure Trust
- Highway Stretch
- Chandikhole Bhadrak Section of NH-16
- Length
- 74.5 km
- Bid Amount
- Rs 3087 crore
- Toll Period
- 20 years
- Previous Bid
- Rs 9270 crore for ToT Bundle 17
- Total Asset Base
- Approx. Rs.94,000 crore
- NHAI Target 2024-25
- Rs 30,000 crore