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IRB Infra spurts on bagging project worth Rs 1500 crore

17 Dec 2013

IRB Infrastructure Developers is currently trading at Rs 91.45, up by 3.05 points or 3.45% from its previous closing of Rs 88.40 on the BSE.

The scrip opened at Rs 89.55 and has touched a high and low of Rs 92.80 and Rs 89.55 respectively. So far 346957 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 140.15 on 17-Dec-2012 and a 52 week low of Rs 51.90 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs 102.30 and Rs 88.05 respectively. The current market cap of the company is Rs 3037.81 crore.

The promoters holding in the company stood at 62.16% while Institutions and Non-Institutions held 27.74% and 10.11% respectively.

IRB Infrastructure Developers has emerged as a preferred bidder for the project of Four Laning of Solapur to Yedeshi section of NH-211 from km 0.000 to km 100.000 (Design Length 98.717 km) in the State of Maharashtra to be executed as BOT (Toll) on DBFOT Pattern under NHDP Phase - IV. The estimated Project Cost of the Company is approximately Rs 1500 crore, while concession period is 29 years. The Construction period is 910 Days. The company has sought Rs 189 crore as Viability Gap Funding from NHAI.

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

Related IRB Infrastructure Developers Ltd. Links:

IRB Infra.&Developer Share Price

211.60 -6.25 (-2.87%) Nov 26, 18:01
1 Year Price Chart
Peers
Company Name CMP
Larsen & Toubro 1777.35
Rail Vikas Nigam 35.10
KEC International 446.55
NCC 74.30
Ircon International 45.35
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Sensex vs IRB Infra.&Developer
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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