IRB Infrastructure Developers inches up as its project SPV signs Concession Agreement with HMDA

29 May 2023 Evaluate

IRB Infrastructure Developers is currently trading at Rs. 27.61, up by 0.06 points or 0.22% from its previous closing of Rs. 27.55 on the BSE.

The scrip opened at Rs. 27.61 and has touched a high and low of Rs. 27.89 and Rs. 27.50 respectively. So far 218535 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 35.00 on 22-Feb-2023 and a 52 week low of Rs. 17.91 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 28.80 and Rs. 26.75 respectively. The current market cap of the company is Rs. 16740.11 crore.

The promoters holding in the company stood at 34.20%, while Institutions and Non-Institutions held 55.53% and 10.28% respectively.

The IRB Golkonda Expressway, a Project SPV of India’s leading and the largest integrated multi-national infrastructure player in the highways sector, IRB Infrastructure Developers (IRB Infra), has signed the Concession Agreement with Hyderabad Metropolitan Development Authority (HMDA) for Tolling and Operations & Maintenance of Jawaharlal Nehru Outer Ring Road, popularly known as Hyderabad ORR in the State of Telangana on Toll-OperateTransfer (TOT) basis. 

The Project will have toll plaza at 22 interchanges, 8 major bridges, 122 minor bridges, a flyover, 4 railway over bridges, 168 underpasses, large number of culverts & causeways. Total service road length is 294 Kms. The Project has close loop tolling. IRB to pay upfront Concession Fee of Rs 7,380 crore to HMDA for revenue-linked Concession Period of 30 years. IRB endeavors to implement this Project through its Associate viz. IRB Infrastructure Trust. 

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


IRB Infra.&Developer Share Price

67.84 1.82 (2.76%)
08-May-2024 16:01 View Price Chart
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