IRB Infrastructure soars on bagging project worth Rs 1500 crore

18 Dec 2013

IRB Infrastructure Developers is currently trading at Rs. 92.90, up by 3.65 points or 4.09% from its previous closing of Rs. 89.25 on the BSE.

The scrip opened at Rs. 89.85 and has touched a high and low of Rs. 93.20 and Rs. 89.55 respectively. So far 479163 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 137.15 on 08-Jan-2013 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. 97.65 and Rs. 88.05 respectively. The current market cap of the company is Rs. 3081.02 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:

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