IRB Infrastructure Developers has strengthened by 5% to Rs 121 in an otherwise weak market after the company said it has bagged an order worth around Rs 2,300 crore from National Highways Authority of India (NHAI).
The company has emerged as a selected bidder and received a letter of award from NHAI for the project of four laning of Kaithal - Rajasthan border section of NH-152/65 from km 33.250 to km 241.580 (design length 166 km) in the state of Haryana to be executed as BOT (Toll) on design, build, finance, operate and transfer basis (DBFOT) pattern under NHDP Phase – IV, IRB Infrastructure said in a statement.
The estimated project cost is Rs 2,300 crore, with construction period spanning 910 days. The concession period for the same is 27 years, the company added.
IRB Infrastructure Developers has sought Rs 234 crore viability gap funding from NHAI.
On April 29, the company said that it had bagged an order worth around Rs 3,200 crore from NHAI for the project of four laning of Yedeshi-Aurangabad section of NH-211 in the state of Maharashtra.
The stock opened at Rs 117 and touched a high of Rs 122 on the NSE. A combined 3.61 million shares changed hands on the counter so far on the NSE and BSE.
The company has emerged as a selected bidder and received a letter of award from NHAI for the project of four laning of Kaithal - Rajasthan border section of NH-152/65 from km 33.250 to km 241.580 (design length 166 km) in the state of Haryana to be executed as BOT (Toll) on design, build, finance, operate and transfer basis (DBFOT) pattern under NHDP Phase – IV, IRB Infrastructure said in a statement.
The estimated project cost is Rs 2,300 crore, with construction period spanning 910 days. The concession period for the same is 27 years, the company added.
IRB Infrastructure Developers has sought Rs 234 crore viability gap funding from NHAI.
On April 29, the company said that it had bagged an order worth around Rs 3,200 crore from NHAI for the project of four laning of Yedeshi-Aurangabad section of NH-211 in the state of Maharashtra.
The stock opened at Rs 117 and touched a high of Rs 122 on the NSE. A combined 3.61 million shares changed hands on the counter so far on the NSE and BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%