IRB Infrastructure Trust, an associate of IRB Infrastructure Developers Limited, has emerged as the preferred bidder for the Tolling, Operation, Maintenance & Transfer (TOT) of the Chandikhole - Bhadrak Section of NH-16 in Odisha. This project, spanning approximately 74.50 km, is part of TOT Bundle 18. The Trust will pay an upfront Bid Concession Fee of ₹3,087 Crores to NHAI for a revenue-linked Concession Period of 20 years. The annual tariff revision will be fixed at 3% per annum plus 40% of the Wholesale Price Index (WPI). IRB Infrastructure Developers Ltd. will serve as the Project Manager for this endeavor. This win marks IRB Group's expansion into its 13th Indian state and second in the Eastern Region, strengthening its position as the largest TOT portfolio holder with an approximate 44% market share. The project is part of the Golden Quadrilateral, increasing IRB's market share in that segment to approximately 16%. The order book for the group will increase by approximately ₹1,600 Crores. Mr. Virendra D. Mhaiskar, Chairman & Managing Director, highlighted this as their second consecutive TOT win, reinforcing IRB Infra's leading position in the TOT space with an aggregate asset base of approximately ₹94,000 Crores.