SANY Heavy Industry India Private Limited, a leading global provider of construction machinery and equipment, was pleased to announce the grand opening of head office (HO), M/s Raghunath Machinery. The inauguration ceremony, presided over by Mr. Deepak Garg Vice Chairman and Managing Director Sany India and South Asia, took place on April 24, 2024.The establishment of this state-of-the-art facility underscored Sany Heavy Industry’s commitment to providing unparalleled service and support to its customers in South Odisha and Western Odisha regions. The strategic location of the office enabled the company to offer seamless access to sales, service, and spare parts, thereby enhancing customer satisfaction and operational efficiency.
“We were delighted to announce the opening of Raghunath Machinery head office at Rayagada, Odisha,” said Mr. Deepak Garg. “This expansion reflects our dedication to better serving our valued customers in the region. By bringing our comprehensive range of services closer to them, we aimed to further strengthen our relationships and deliver superior value.”
The inauguration ceremony was attended by esteemed guests, dignitaries, industry partners, and members of the media. It included a ribbon-cutting ceremony followed by a facility tour, showcasing the advanced infrastructure and cutting-edge technologies incorporated into the office.
“This new office in Rayagada will serve as a hub for sales, service, and spare parts, enabling us to address the evolving needs of the construction industry in Odisha and Western Odisha.”
Customers can expect to receive comprehensive assistance from a dedicated team of professionals trained to deliver prompt and efficient service at this strategically located office at Rayagada. Raghunath Machinery is also planning to open regional offices at the following locations across Odisha: Jaypore, Sambalpur, Bolangir, and Bhawanipatna, further expanding accessibility and support for customers across the region.
Promising start of FY 2025 for IRB Infra and IRB Infrastructure Trust
• April 2024 aggregate toll revenue of both entities rises 29 per cent year-on-year (y-o-y) (Rs 5.03 billion in April 2024 vs Rs 3.88 billion in April 2023)
• Newly added TOT 12 and TOT 13 assets start contributing to the monthly toll collection
• Company and its Associate Private InvIT had registered robust toll revenue growth of 24 per cent in
FY 2024 over FY 2023
IRB Infrastructure Developers Limited, India’s leading and the largest integrated multi-national transport infrastructure developer in the highways sector and its associate IRB Infrastructure Trust, India’s largest Infrastructure Investment Trust, have started the new financial year (FY) 2025 on the promising note, as they have collectively reported y-o-y toll revenue growth of 29 per cent in the very first month of the new financial year, i.e., April 2024.
Both the entities have reported aggregate toll collection of Rs 5.03 billion for the month under review, i.e., April 2024, against Rs 3.88 billion in April 2023.
Commenting on this, Mr. Amitabh Murarka, Deputy Chief Executive Officer, IRB Infrastructure Developers Limited said, “After witnessing 24 per cent growth in toll collection in FY 2024 over the previous year, to have a robust growth of 29 per cent at the start of the new year looks to be much promising. Considering the GDP projections; the government’s focus on the infrastructure development for the nation, especially on the roads and highways segment and the abundant opportunities coming up in the sector thereof, which the company looks at, we sincerely feel that the toll collection momentum will have an upward trend in FY 2025.”
The toll collection details project and SPV wise are as follows:
| Sr. No | Company Name | April 2024
(Rs million) |
April 2023
(Rs million) |
| Operational days | 30 | 30 | |
| 1 | IRB MP Expressway Private Limited
(Mumbai Pune Expressway & Old Mumbai Pune Highway NH4) |
1,407 | 1,372 |
| 2 | IRB Ahmedabad Vadodara Super Express Tollway Pvt. Limited
(Ahmedabad Vadodara Expressway NE1 and Highway NH48) |
592 | 573 |
| 3 | CG Tollway Limited
(Chittorgarh to Gulabpura NH79) |
297 | 317 |
| 4 | Udaipur Tollway Limited
(Udaipur to Shamlaji NH48) |
255 | 232 |
| 5 | Palsit Dankuni Tollway Private Limited
(Palsit to Dankuni NH19) |
142 | 154 |
| 6 | AE Tollway Limited
(Agra to Etawah NH19) |
203 | 191 |
| 7 | Yedeshi Aurangabad Tollway Limited
(Yedeshi to Aurangabad NH211) |
177 | 230 |
| 8 | IRB Hapur Moradabad Tollway Limited
(Hapur to Moradabad NH 9) |
258 | 243 |
| 9 | Kaithal Tollway Limited
(Kaithal to Rajasthan Border NH152/65) |
113 | 124 |
| 10 | Kishangarh Gulabpura Tollway Limited
(Kishangarh to Gulabpura NH79A & NH79) |
185 | 209 |
| 11 | IRB Westcoast Tollway Limited
(Karwar to Kundapura NH66) |
112 | 120 |
| 12 | Solapur Yedeshi Tollway Limited
(Solapur to Yedeshi NH211) |
93 | 120 |
| 13 | IRB Golconda Expressway Private Limited
(Hyderabad Outer Roing Road) |
602 | – |
| 14 | Samakhiyali Tollway Private Limited
(Samakhiyali to Santalpur NH27) |
115 | – |
| 15 | IRB Lalitpur Tollway Private Limited
(Lalitpur Lakhnadon NH44 – TOT 12) |
329 | – |
| 16 | IRB Kota Tollway Private Limited
(Kota Bypass – TOT 13) |
57 | – |
| 17 | IRB Gwalior Tollway Private Limited
(Jhansi Gwalior NH44 – TOT 13) |
91 | – |
| Total | 5,028 | 3,884 |