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IRB Infrastructure Developers is currently trading at Rs. 94.80, up by 1.95 points or 2.10% from its previous closing of Rs. 92.85 on the BSE.
The scrip opened at Rs. 92.85 and has touched a high and low of Rs. 95.65 and Rs. 92.10 respectively. So far 4,09,000 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. 95.65 and Rs. 88.05 respectively. The current market cap of the company is Rs. 3,150.00 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’ wholly-owned subsidiary - IRB Westcoast Tollway, has achieved financial closure in terms of the concession agreement executed with NHAI, by tying up of Project finance of Rs 1,406 crore. The total cost of this Solapur to Yedeshi section project is Rs 2,639 crore, out of which viability gap funding from NHAI of Rs 536 crore, equity contribution by the company will be approximately Rs 697 crore and remaining will be funded through Project finance of Rs 1,406 crore. The average cost of this Project finance is approximately 11.75% p.a.
A Consortium of Lenders comprising of IDBI Bank - Lead Institution, Allahabad Bank, Bank of Baroda, Bank of India, Canara Bank and Union Bank of India have financed this project.
Besides, the vompany has now received an official communication from the National Highways Authority of India (NHAI) by way of a Letter of Award (LoA) dated December 24, 2013 whereby NHAI has accepted its Price Bid and has declared it as the selected 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 under NHDP Phase IV on Design, Build, Finance, Operate and Transfer (DBFOT) (Toll) Basis.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 3897.00 |
| Rail Vikas Nigam | 404.15 |
| KEC International | 775.55 |
| Kalpataru Projects | 1222.50 |
| NCC | 310.00 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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