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IRB Infrastructure surges on getting letter of award for MSRDC’s project

08 Sep 2014 Evaluate

IRB Infrastructure Developers is currently trading at Rs. 272.05, up by 6.10 points or 2.29% from its previous closing of Rs. 265.95 on the BSE.

The scrip opened at Rs. 268.00 and has touched a high and low of Rs. 274.15 and Rs. 267.55 respectively. So far 298076 shares were traded on the counter.

The BSE group 'A ' stock of face value Rs. 10 has touched a 52 week high of Rs. 275.50 on 08-Jul-2014 and a 52 week low of Rs. 63.35 on 06-Sep-2013.

Last one week high and low of the scrip stood at Rs. 274.15 and Rs. 243.75 respectively. The current market cap of the company is Rs. 9103.45 crore.

The promoters holding in the company stood at 61.11% while Institutions and Non-Institutions held 29.18% and 9.71% respectively.

IRB Infrastructure Developers has received the letter of award for the MSRDC’s project of Operation & Maintenance of Yashwantrao Chavan Expressway and Mumbai Pune section of NH-4 along with execution of additional works on Mumbai Pune section of NH-4, on DBFOT basis with toll rights in the state of Maharashtra.

Total six bidders including the company participated in this International electronic competitive bidding process. The final offer of the Company for a concession period of 8 years 8 months and 2 days being the lowest amongst all the bidders has been accepted by MSRDC and thereby declared the company as selected bidder and issued the Letter of Award.

IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.

 

IRB Infra.&Developer Share Price

21.63 -0.52 (-2.35%)
24-Apr-2026 16:59 View Price Chart
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