Shares of IRB Infrastructure Developers Ltd. will be in focus on Monday, November 17, after IRB Infrastructure Trust, the private InvIT sponsored by the company, emerged as the selected bidder and received a Letter of Award (LoA) from NHAI for the TOT-17 bundle.

The project covers a 366.096-km stretch comprising the Lucknow-Ayodhya-Gorakhpur section of NH-27 (km 15.400 to km 137.970 and km 136.759 to km 252.860) and the Lucknow-Sultanpur section of NH-731 (km 90.370 to km 217.795) in Uttar Pradesh.

The Trust will pay an upfront bid-concession fee of ₹9,270 crore to NHAI and will operate tolling, operations and maintenance (O&M) for a 20-year concession period.

Tariff revision is set at a fixed 3% annually plus 40% of the Wholesale Price Index (WPI).

With this award, the Trust's asset p

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