IRB Infra soars as its arm enters into concession agreement with NHAI

24 Jun 2014 Evaluate

IRB Infrastructure Developers is currently trading at Rs. 215.55, up by 9.20 points or 4.46% from its previous closing of Rs. 206.35 on the BSE.

The scrip opened at Rs. 207.00 and has touched a high and low of Rs. 217.65 and Rs. 207.00 respectively. So far 695640 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 220.85 on 10-Jun-2014 and a 52 week low of Rs. 51.90 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 217.65 and Rs. 193.65 respectively. The current market cap of the company is Rs. 7205.65 crore.

The promoters holding in the company stood at 61.71% while Institutions and Non-Institutions held 28.63% and 9.66% respectively.

Kaithal Tollway, wholly-owned subsidiary of IRB Infrastructure Developers, has executed concession agreement with NHAI for the project of Four Laning of Kaithal - Rajasthan Border Section of NH-152/65 from km 33+250 (Design Km- 0.500) to km 241+580 (Design Km 165.759) in the State of Haryana to be executed as BOT (Toll) on DBFOT Pattern under NHDP Phase - IV.

IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles. The company has posted a rise of 133.71% in its net profit at Rs 115.78 crore for the quarter ended March 31, 2014 as compared to Rs 49.54 crore for the same quarter in the previous year.

IRB Infra.&Developer Share Price

66.55 -0.53 (-0.79%)
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