IRB Infrastructure Developers informs about company updates

21 Dec 2016 Evaluate

IRB Infrastructure Developers has informed that pursuant to the measures approved by the Cabinet Committee on Economic Affairs (CCEA) for revival of the construction sector directing government agencies to pay ‘75% of the arbitral award amount against Bank Guarantee where government agencies have challenged the arbitral award’; IRB Ahmedabad Vadodara Super Express Tollway - Wholly owned subsidiary of the Company (IRBAV), has received from NHAI Rs 20.55 Crore against the Bank Guarantee submitted by IRBAV as part of 75% of the Arbitral Award amount pronounced by the Arbitral Tribunal.

The above information is a part of company’s filings submitted to BSE.

IRB Infra.&Developer Share Price

58.51 -0.43 (-0.73%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3774.10
Rail Vikas Nigam 252.95
KEC International 694.00
Kalpataru Projects 1075.45
NCC 232.40
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.