NHAI raises Rs 9,270-cr from TOT round, IRB Infra wins bid

In the first highway monetisation deal in the current financial year, the National Highways Authority of India (NHAI) will raise Rs 9,270 crore, with the letter of award issued to the highest bidder IRB Infrastructure last week for the 333.4 km highway stretch in Uttar Pradesh.

The monetisation took place through the Toll Operate Transfer (TOT) mode. It was the 117th round of monetisation via the TOT mechanism, which includes three road stretches – Lucknow to Ayodhya, Ayodhya to Gorakhpur and Lucknow to Sultanpur.