IRB

- Major updates for the stock

- Major updates for the stock The Board has approved material related-party contracts to provide works relating to initial upgradation, O&M works, and project implementation, and to act as the project manager of the IRB Infrastructure Trust (Private InvIT) in relation to the TOT-17 Project, implemented through IRB Harihara Corridors (the project SPV). The company has agreed to act as the project manager for a revenue-linked concession period of 20 years from the Appointed Date, for an estimated value of up to Rs 6,785 crore. Meanwhile, the Board has sought approval from shareholders for the corridors of the Lucknow–Ayodhya–Gorakhpur section of NH-28 (new NH-27) and Lucknow–Sultanpur (NH-731) under the TOT-17 project on January 13. All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24