IRB Infrastructure gains as its arm achieves financial closure for project in West Bengal

IRB Infrastructure Developers is currently trading at Rs. 252.00, up by 3.40 points or 1.37% from its previous closing of Rs. 248.60 on the BSE.

IRB Infrastructure

The scrip opened at Rs. 250.00 and has touched a high and low of Rs. 255.45 and Rs. 250.00 respectively. So far 196703 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 346.95 on 25-Oct-2021 and a 52 week low of Rs. 100.70 on 12-Apr-2021.

Last one week high and low of the scrip stood at Rs. 249.00 and Rs. 218.30 respectively. The current market cap of the company is Rs. 15302.83 crore.

The promoters holding in the company stood at 58.46% while Institutions and Non-Institutions held 26.35% and 15.18% respectively.

IRB Infrastructure Developers’ Wholly-owned Subsidiary — Palsit Dankuni Tollway has achieved financial closure for the Project of Six 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.

IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.