IRB Infra gains on selection of preferred bidder for NH-211

Company has been selected as a preferred bid for a section of NH- 211.

Shares of IRB Infrastructure were up nearly 3% at Rs 91 after the company said it was selected as a preferred bid for a section of National Highway - 211.

IRB Infrastructure Developers has emerged as a preferred bidder for the project of Four Laning of Solapur to Yedeshi section of NH-211 from km 0.000 to km 100.000 (Design Length 98.717 km) in the State of Maharashtra to be executed as BOT (Toll) on DBFOT Pattern under NHDP Phase - IV, the company said in release to the BSE.

The highlights of the project is that it is based on DBFOT pattern. The estimated Project Cost of the Company is approximately Rs. 1500 crores. Concession period is 29 years.

and the construction period is 910 Days, the release said.

Over 2.3 million shares were traded on both the stock exchanges so far.