IRB Infrastructure Developers rises on receiving LoA from NHAI for road project in Tamil Nadu
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
IRB Infrastructure Developers is currently trading at Rs. 175.70, up by 1.90 points or 1.09% from its previous closing of Rs. 173.80 on the BSE.
The scrip opened at Rs. 177.00 and has touched a high and low of Rs. 177.00 and Rs. 174.30 respectively. So far 19428 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 189.50 on 16-Jul-2021 and a 52 week low of Rs. 97.75 on 22-Dec-2020.
Last one week high and low of the scrip stood at Rs. 179.10 and Rs. 165.00 respectively. The current market cap of the company is Rs. 6174.98 crore.
The promoters holding in the company stood at 58.46%, while Institutions and Non-Institutions held 27.94% and 13.60% respectively.
IRB Infrastructure Developers has received Letter of Award (LoA) from NHAI for the project of Development of Six Laning of Chittoor-Thachur road from km. 96.040 (Pondavakkam) to km. 116.100 (Kannigaipair) on Hybrid Annuity mode under Bharatmala Pariyojana, in the state of Tamil Nadu (Package-IV).
The Construction Period is 730 Days & Operation Period of 15 years commencing from COD. NHAI Bid Project Cost is Rs 652.49 crore and company's Bid Project Cost is Rs 909 crore. The company's Bid Price (NPV of Company's Bid Project Cost & O&M Cost over the Concession Period) is Rs 844.14 crore.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
