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IRB Infrastructure Developers rallies 9% on winning two new PPP projects

The total order book of the company stands at Rs 14,509 crore, including construction order book of Rs 7,583 crore

highways, nhai, roads, construction, transport
premium

SI Reporter Mumbai
Shares of IRB Infrastructure Developers edged 9 per cent higher to Rs 112.30 on the BSE in intra-day trade on Wednesday after the company announced an exciting end to the FY 2020-21 with the addition of two new PPP (public-private partnership) projects to its portfolio.

“The company has won two highway projects with project costs of Rs 3,179 crore in West Bengal and Himachal Pradesh. Thus, the company is closing its financial year after successfully securing new orders amounting to a total of Rs 5,004 crore. This works out to approximately 5 per cent of the total market share of