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IRB Infrastructure gains with SPV achieving financial closure for Udaipur - Gujarat Border project

06 Jul 2017 Evaluate

IRB Infrastructure Developers is currently trading at Rs. 215.60, up by 2.20 points or 1.03% from its previous closing of Rs. 213.40 on the BSE.

The scrip opened at Rs. 217.40 and has touched a high and low of Rs. 217.40 and Rs. 214.50 respectively. So far 18,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 272.40 on 03-May-2017 and a 52 week low of Rs. 177.50 on 23-Nov-2016.

Last one week high and low of the scrip stood at Rs. 217.40 and Rs. 207.65 respectively. The current market cap of the company is Rs. 7,591.00 crore.

The promoters holding in the company stood at 57.37%, while Institutions and Non-Institutions held 35.28% and 7.35% respectively.

IRB Infrastructure Developers’ Special Purpose Vehicle (SPV) - Udaipur Tollway has successfully achieved financial closure for its Udaipur - Gujarat Border 6 Laning BOT project. The SPV, in terms of the Concession Agreement executed with the National Highways Authority of India (NHAI), has tied up with the Consortium of lenders for project finance to the tune of Rs 1,461 crore.

The total cost of the project Rs 2,088 crore is to be funded by equity contribution of Rs 627 Crore by the company, remaining to be funded by Project Finance of Rs 1,461 Crore with average cost of approximately 10.65% p.a. the project is financed by consortium of lenders led by Canara Bank. Other members include, Bank of India, Bank of Maharashtra, Oriental Bank of Commerce, Indian Overseas Bank, Andhra Bank and Aditya Birla Finance.

IRB Infrastructure Developers is one of the largest private roads and highways infrastructure developers in India. The company at present is having 8 projects under BOT space; 6 projects under O&M contracts and 8 projects under various stages of construction.

IRB Infra.&Developer Share Price

21.43 -0.24 (-1.11%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3973.60
Rail Vikas Nigam 305.00
NCC 169.85
KEC International 598.10
Kalpataru Projects 1274.45
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