IRB Infrastructure soars as its SPV achieves full COD for highway project in Rajasthan
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IRB Infrastructure Developers is currently trading at Rs. 213.45, up by 3.95 points or 1.89% from its previous closing of Rs. 209.50 on the BSE.
The scrip opened at Rs. 211.50 and has touched a high and low of Rs. 217.90 and Rs. 211.35 respectively. So far 69027 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. 148.05 on 11-Aug-2021.
Last one week high and low of the scrip stood at Rs. 217.90 and Rs. 208.15 respectively. The current market cap of the company is Rs. 12947.62 crore.
The promoters holding in the company stood at 34.20%, while Institutions and Non-Institutions held 55.15% and 10.64% respectively.
Kishangarh Gulabpura Tollway, an SPV of IRB Infrastructure Developers, now part of IRB Infrastructure Trust - Private InvIT, has achieved full COD (commercial operation date) for Kishangarh - Gulabpura six laning highway project in Rajasthan.
The National Highway Authority of India (NHAI) has issued Completion Certificate to the Company. With this, the Company is now eligible for collecting toll fees at full tariffs, which is approximately higher by 78% than that of the existing toll tariffs.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
