IRB Infrastructure Developers is currently trading at Rs 206.70, up by 2.70 points or 1.42% from its previous closing of Rs. 204.00 on the BSE.
The scrip opened at Rs 206.00 and has touched a high and low of Rs 207.10 and Rs 200.75 respectively. So far 0.67 lakh 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. 97.75 on 22-Dec-2020.
Last one week high and low of the scrip stood at Rs. 230.35 and Rs. 197.90 respectively. The current market cap of the company is Rs. 7169.58 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 has received a Letter of Award (LoA) from the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), the nodal agency entrusted to monitor the project development, for developing the Group 1 of the prestigious Ganga Expressway Greenfield BOT Project in the State of Uttar Pradesh.
The company will develop the 129.700 Kms stretch from Meerut to Badaun under Group 1 of the four groups of the project, with cost outlay of Rs 6,555 crore, under the Design, Bid, Finance, Operate & Transfer (DBFOT) model with the traffic linked expandable Concession period up to 36 years that includes 3 years for construction.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.