IRB Infrastructure Developers Limited has secured Project Management Consultancy (PMC) contracts worth ₹2,663 crore for two highway Special Purpose Vehicles (SPVs). The long-term contracts, spanning 18 years, are expected to provide the company with a stable, recurring revenue stream while further strengthening its asset-light services business.
The contracts involve providing end-to-end project management and operational support for two highway SPVs, including supervision, asset management, maintenance oversight, operational monitoring, and other consultancy services throughout the concession period. Unlike conventional engineering, procurement and construction (EPC) projects, the PMC model requires limited capital expenditure while generating predictable fee-based income over the long term.
With the addition of these contracts, IRB has further expanded its services portfolio, complementing its core businesses of highway development, tolling, and asset management. The company believes the order will enhance earnings visibility, improve cash flow stability, and strengthen margins by increasing the share of non-construction, service-based revenues.
The development also reflects the growing maturity of India’s road infrastructure sector, where operational management and lifecycle maintenance of highway assets are emerging as significant business opportunities. As more highway projects are monetised through SPVs and InvIT structures, demand for specialised project management and operational expertise is expected to increase.
The latest contract win reinforces IRB Infrastructure’s position as one of India’s leading highway developers and operators while supporting its strategy of diversifying revenue sources beyond construction and toll collection. The long-duration nature of the contracts is expected to strengthen the company’s financial resilience and provide sustained income over nearly two decades.
