IRB Infrastructure Developers is currently trading at Rs. 95.00, up by 1.10 points or 1.17% from its previous closing of Rs. 93.90 on the BSE.
The scrip opened at Rs. 93.90 and has touched a high and low of Rs. 97.00 and Rs. 92.85 respectively. So far 95446 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 159.80 on 01-Apr-2019 and a 52 week low of Rs. 56.10 on 11-Oct-2019.
Last one week high and low of the scrip stood at Rs. 102.00 and Rs. 92.20 respectively. The current market cap of the company is Rs. 3331.75 crore.
The promoters holding in the company stood at 57.64%, while Institutions and Non-Institutions held 31.45% and 10.91% respectively.
IRB Infrastructure Developers has been awarded the prestigious Mumbai-Pune Expressway project under the Toll-Operate-Toll (TOT) model. The company has received a Letter of Acceptance (LoA) from the nodal agency, MSRDC.
The concession includes collection of toll and O&M activities on Mumbai Pune Expressway and Old Mumbai-Pune Highway NH-48 for a concession span of 10 years and 2 months, i.e., up to April 30, 2030. The company will take possession of the project with effect from March 1, 2020 and commence tolling and O&M activities.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
Company Name | CMP |
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Larsen & Toubro | 3591.60 |
Rail Vikas Nigam | 273.00 |
KEC International | 725.80 |
Kalpataru Projects | 1187.45 |
NCC | 245.80 |
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