IRB Infrastructure Developers is currently trading at Rs. 124.05, up by 2.25 points or 1.85% from its previous closing of Rs. 121.80 on the BSE.
The scrip opened at Rs. 126.70 and has touched a high and low of Rs. 127.00 and Rs. 123.40 respectively. So far 221883 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 128.45 on 09-Jul-2020 and a 52 week low of Rs. 46.00 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 128.45 and Rs. 99.75 respectively. The current market cap of the company is Rs. 4359.74 crore.
The promoters holding in the company stood at 57.69%, while Institutions and Non-Institutions held 28.99% and 13.32% respectively.
IRB Infrastructure Developers has emerged as a preferred bidder for the project of ‘6 Laning of National Corridor NH-19 from Palsit to Dankuni (up to NH-6 Connector) from km. 588.870 to km. 652.700 (total design length 63.830 km) in the State of West Bengal under Bharatmala Pariyojana to be executed on BOT (Toll) basis’. This marks entry of the company into the ninth State, West Bengal.
The concession period of the project is 17 years including construction period of 910 days. Total project cost as estimated by NHAI (TPC) is Rs. 2193.23 crore. The Company will get tolling rights on the Project from the Appointed Date. Upon award of this Project, the company’s March’ 2020 order book stands updated at approximately Rs 14600 crore.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
