IRB Infrastructure Developers is currently trading at Rs. 244.00, up by 1.35 points or 0.56% from its previous closing of Rs. 242.65 on the BSE.
The scrip opened at Rs. 244.10 and has touched a high and low of Rs. 244.50 and Rs. 241.50 respectively. So far 35550 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 03-Feb-2015 and a 52 week low of Rs. 197.20 on 25-Aug-2015.
Last one week high and low of the scrip stood at Rs. 253.30 and Rs. 239.00 respectively. The current market cap of the company is Rs. 8564.84 crore.
The promoters holding in the company stood at 57.79 % while Institutions and Non-Institutions held 35.93 % and 6.28 % respectively.
IRB Infrastructure Developers’ wholly owned subsidiary -- IRB Ahmedabad Vadodara Super Express Tollway (SPV) -- has been issued a Provisional Completion Certificate by the Competent Authority --National Highways Authority of India (NHAI) -- on December 04, 2015. Consequently, the SPV has started toll collection on NH - 8 arm of this project from December 06, 2015. The SPV is already collecting toll on Ahmedabad Vadodara Expressway (NE- 1) arm since January 2013.
This project is the largest project in the company's portfolio. The project involved up-gradation of existing section of NH - 8 between Ahmedabad and Vadodara from 2 lane highway to a 6 lane super expressway and value addition to the existing Ahmedabad Vadodara expressway. The SPV has constructed 15 flyovers, 4 bridges, 31 underpasses and additional railway over bridges on the NH-8 arm.
The concession period including construction period is 25 years with an estimated project cost of Rs 48.80 billion. The company had bagged this project from NHAI on a premium of Rs 3.09 billion which would be increased by 5% YoY for the duration of the concession period.
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