IRB Infrastructure gains after its arm completes concession period of Thane Ghodbunder BOT Project

25 Feb 2021

IRB Infrastructure Developers is currently trading at Rs. 106.90, up by 1.00 points or 0.94% from its previous closing of Rs. 105.90 on the BSE.

The scrip opened at Rs. 108.00 and has touched a high and low of Rs. 108.15 and Rs. 106.50 respectively. So far 13300 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 138.80 on 19-Aug-2020 and a 52 week low of Rs. 46.00 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 110.40 and Rs. 104.00 respectively. The current market cap of the company is Rs. 3755.24 crore.

The promoters holding in the company stood at 58.61%, while Institutions and Non-Institutions held 27.73% and 13.67% respectively.

IRB Infrastructure Developers’ wholly owned subsidiary -- Thane Ghodbunder Toll Road has successfully completed concession period of Thane Ghodbunder BOT Project on February 23, 2021 and handed over the project to the Maharashtra State Road Development Corporation. This project SPV has contributed approximately 1% of Consolidated total income of the company as on December 31, 2020.

IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.

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