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IRB Infrastructure gains as its arm achieves financial closure of Rs 1,400 crore

28 Jul 2015 Evaluate

IRB Infrastructure Developers is currently trading at Rs. 237.60, up by 1.60 points or 0.68% from its previous closing of Rs. 236.00 on the BSE.

The scrip opened at Rs. 239.90 and has touched a high and low of Rs. 241.00 and Rs. 237.10 respectively. So far 39017 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 289.40 on 19-Nov-2014 and a 52 week low of Rs. 211.70 on 07-May-2015.

Last one week high and low of the scrip stood at Rs. 255.80 and Rs. 235.20 respectively. The current market cap of the company is Rs. 8294.22 crore.

The promoters holding in the company stood at 57.79% while Institutions and Non-Institutions held 35.66% and 6.55% respectively.

IRB Infrastructure Developers’ wholly-owned subsidiary - Kaithal Tollway, has achieved financial closure in terms of the concession agreement executed with NHAI, by tying up of Project finance of Rs 1,400 crore.

The total cost of this project is Rs 2,290 crore, out of which Viability Gap Funding from NHAI will be Rs 234 crore, equity contribution by the company will be approximately Rs 656 crore and remaining will be funded through Project finance of Rs 1,400 crore. The average cost of debt of this Project finance is approximately 11.75% per annum. The concession period for the project is 27 years.

A consortium of Lenders comprising of IDBI Bank - Lead Institution, India Infrastructure Finance Company (IIFCL), IDFC, Indian Overseas Bank, Union Bank of India, Bank of Baroda, Canara Bank and Bank of Maharashtra have financed this project.

 

IRB Infra.&Developer Share Price

21.43 -0.24 (-1.11%)
08-May-2026 16:59 View Price Chart
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