IRB Infrastructure Developers gains as its arm achieves financial closure for Greenfield BOT project in UP
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IRB Infrastructure Developers is currently trading at Rs. 214.15, up by 0.65 points or 0.30% from its previous closing of Rs. 213.50 on the BSE.
The scrip opened at Rs. 216.20 and has touched a high and low of Rs. 216.90 and Rs. 212.50 respectively. So far 27100 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 346.95 on 25-Oct-2021 and a 52 week low of Rs. 135.60 on 18-Jun-2021.
Last one week high and low of the scrip stood at Rs. 224.00 and Rs. 207.65 respectively. The current market cap of the company is Rs. 12917.42 crore.
The promoters holding in the company stood at 34.02%, while Institutions and Non-Institutions held 54.93% and 11.05% respectively.
IRB Infrastructure Developers’ wholly-owned subsidiary -- Meerut Budaun Expressway has achieved financial closure for the ambitious Ganga Expressway Group 1 Greenfield BOT project in the state of Uttar Pradesh (UP).
The project is to Build, Operate and Transfer the six lane Greenfield Expressway corridor of 129.700 Kms (expandable to eight lanes) between Meerut and Budaun in Uttar Pradesh, with a cost outlay of Rs 6,538 crore. With this, all the projects in the portfolio have been financially closed, which helps the company in focusing on upcoming opportunities in the sector.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
