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Infrastructure developers continue to see improving prospects led by rising toll collections, pick-up in execution and good order flows. India's largest road toll operator, IRB Infrastructure Developers' performance for the quarter ending September (Q2), too, saw benefits from sharp increase in toll collections that touched pre-Covid level across portfolio by September end.
However, while toll collection was strong, overall performance was a mixed bag with monsoon season leading to soft EPC (construction segment) revenues. Construction revenues at Rs 732 crore were flat sequentially. Toll revenues, however, were up 34 per cent sequentially to Rs 391 crore, and beat expectations. Kotak
