IRB Infrastructure Developers surges on logging 30% rise in gross toll collection in May 2024
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IRB Infrastructure Developers is currently trading at Rs. 72.03, up by 1.87 points or 2.67% from its previous closing of Rs. 70.16 on the BSE.
The scrip opened at Rs. 71.43 and has touched a high and low of Rs. 72.75 and Rs. 71.00 respectively. So far 1057848 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 76.55 on 27-May-2024 and a 52 week low of Rs. 24.97 on 02-Aug-2023.
Last one week high and low of the scrip stood at Rs. 74.60 and Rs. 58.32 respectively. The current market cap of the company is Rs. 42369.62 crore.
The promoters holding in the company stood at 34.39%, while Institutions and Non-Institutions held 55.01% and 10.60% respectively.
IRB Infrastructure Developers’ gross toll collection in May 2024 stood at Rs 535.50 crore as compared to Rs 411.10 crore in May 2023 i.e. up by 30.26%. Under IRB Infrastructure Developers, in the month of May 2024, IRB MP Expressway collected Rs 152.60 crore toll, IRB Ahmedabad Vadodara Super Express Tollway collected Rs 64.50 crore toll in the same month, CG Tollway received Rs 31.40 crore toll, Udaipur Tollway collected Rs 27.20 crore toll, Palsit Dankuni Tollway collected Rs 14.50 crore toll, AE Tollway received toll of Rs 20.60 crore, toll of Rs 18.40 crore collected by Yedeshi Aurangabad Tollway, toll of Rs 26.00 crore collected by IRB Hapur Moradabad Tollway, Kaithal Tollway collected Rs 11.20 crore toll, Kishangarh Gulabpura Tollway collected toll of Rs 19.90 crore, IRB Westcoast Tollway collected Rs 13.10 crore toll, Solapur Yedeshi Tollway collected toll of Rs 9.90 crore and IRB Golconda Expressway collected Rs 62.70 crore toll. Samakhiyali Tollway collected toll of Rs 12.10 crore, IRB Lalitpur Tollway collected toll of Rs 35.50 crore, toll of Rs 6.10 crore and Rs 9.80 crore collected by IRB Kota Tollway and IRB Gwalior Tollway respectively.
The IRB Golconda Expressway has received the Appointed Date from Hyderabad Metropolitan Development Authority (HMDA) & started Toll Collection from August 12, 2023. Samakhiyali Tollway has received the Appointed Date from NHAI & Toll Collection commenced from December 28, 2023. IRB Lalitpur Tollway, IRB Kota Tollway and IRB Gwalior Tollway have received the Appointed Date from NHAI & Toll Collection commenced from April 01, 2024.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
