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•  Company to collect Toll at revised rate with an increase of 47%

• Approx. Rs.100Crs increase expected in the annual toll revenue of the project

• Project is 4 to 6 Laning of 63.83 Kms (378 Lane Kms) stretch of NH19 between Palsit and Dankuni in the State of West Bengal

The Palsit Dankuni Tollway Pvt. Ltd. a Project SPV of IRB Infrastructure Trust, Company’s Private InvIT Joint Venture has received the COD for the 61.3 Kms length out 63.83 Kms total length of the project from the NHAI for 4 to 6 laning Palsit Dankuni NH19 BOT Project in the State of West Bengal.

On receiving the COD now, the Company is allowed to collect Toll at revised tariff rates with 47% increase. 

Speaking on the development, Mr. Virendra D. Mhaiskar, Chairman & Managing Director said, “Receiving the COD is a significant milestone for this project. It enables us to commence toll collection at the revised tariff rates, as per the Concession Agreement. We are confident that this project will deliver a world-class and safe commuting experience to all users. We are deeply grateful to all stakeholders who worked tirelessly to achieve this important milestone. With COD in place, we expect toll collections to improve by ~₹100 crore annually, based on Q1 FY25 trends.” 

Key features of the project:

• 1st Project of the Company in the State of West Bengal 

• Total project is 4 to 6 laning of 63.83 Kms (378 Lane Kms) section between Palsit to Dankuni on Nh19

• Project cost is Rs.2,403 Crores; with the Concession period of 17 years