IRB Infrastructure Developers is trading higher by 4% to Rs 214 after the company said it has entered into a pact with National Highways Authority of India (NHAI) for an Rs 2,300 crore project for widening of a highway stretch in Haryana under National Highways Development Project (NHDP).
Kaithal Tollway Private Limited - wholly-owned subsidiary of the company, has now executed concession agreement with NHAI for the project of four laning of Kaithal - Rajasthan border section of NH-152/65 in Haryana under NHDP Phase - IV, IRB Infra said in a statement.
"The estimated project cost is approximately Rs 2,300 crore and the construction is to be completed within 910 days," the PTI report suggests.
The stock opened at Rs 207 and hit a high of Rs 215 on BSE. A combined 2.06 million shares changed hands on the counter so far on BSE and NSE.
Kaithal Tollway Private Limited - wholly-owned subsidiary of the company, has now executed concession agreement with NHAI for the project of four laning of Kaithal - Rajasthan border section of NH-152/65 in Haryana under NHDP Phase - IV, IRB Infra said in a statement.
"The estimated project cost is approximately Rs 2,300 crore and the construction is to be completed within 910 days," the PTI report suggests.
The stock opened at Rs 207 and hit a high of Rs 215 on BSE. A combined 2.06 million shares changed hands on the counter so far on BSE and NSE.
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