IRB Infrastructure trades higher as its associate gets LoA for Odisha project
IRB Infrastructure Developers is currently trading at Rs 42.35, up by 0.47 points or 1.12% from its previous closing of Rs 41.88 on the BSE.
The scrip opened at Rs 42.50 and has touched a high and low of Rs 42.79 and Rs 42.13 respectively. So far 279335 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 1 has touched a 52-week high of Rs 60.90 on 01-Feb-2025 and a 52-week low of Rs 40.54 on 26-Sep-2025.
Last one week high and low of the scrip stood at Rs 42.98 and Rs 41.78 respectively. The current market cap of the company is Rs 25490.62 crore.
The promoters holding in the company stood at 30.42%, while Institutions and Non-Institutions held 52.99% and 16.60% respectively.
IRB Infrastructure Developers’ associate company -- IRB Infrastructure Trust has received a Letter of Award (LoA) from National Highways Authority of India (NHAI) for the project involving Tolling, Operation, Maintenance & Transfer of Chandikhole - Bhadrak Section of NH-16 in the State of Odisha (From Km 62+000 to Km 136+500) (TOT Bundle 18) (the Project).
The Trust to pay upfront Bid Concession Fee of Rs 3,087 crore to NHAI for revenue-linked Concession Period of 20 years.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
