Expect revenue of Rs 165 crore from Udaipur project on annual basis: IRB Infra

IRB Infrastructure Developers has announced that they received the appointed date for their Udaipur project and have started collecting toll. In an interview to CNBC-TV18, Sudhir Hoshing, Joint Managing Director of IRB Infrastructure Developers explains what does this mean for company.

The company has started toll collection on Udaipur project from September 3.

This project has a concession period of 21 years and with this we will have a revenue of around Rs 45 lakh per day for the first two-and-a-half years, he said.

Out of our 14 projects, this will be the 8th which will be in revenue mode and going forward, there are two more projects which should be starting toll of band of October and November plus I am also expecting one more project to start toll very soon maybe 10-15 days from now, he added.

He expects revenue of Rs 165 crore from the Udaipur project on annual basis, said Hoshing.

For full interview, watch accompanying video...