IRB Infrastructure Developers soars on logging 21% rise in gross toll collection in March 2023

IRB Infrastructure Developers is currently trading at Rs. 26.43, up by 0.55 points or 2.13% from its previous closing of Rs. 25.88 on the BSE.

IRB Infrastructure Developers
IRB Infrastructure Developers

The scrip opened at Rs. 26.55 and has touched a high and low of Rs. 26.90 and Rs. 26.41 respectively. So far 1441676 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 35.00 on 22-Feb-2023 and a 52 week low of Rs. 17.91 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 26.90 and Rs. 24.99 respectively. The current market cap of the company is Rs. 16051.66 crore.

The promoters holding in the company stood at 34.20%, while Institutions and Non-Institutions held 55.31% and 10.49% respectively.

IRB Infrastructure Developers’ gross toll collection in March 2023 stood at Rs 369.99 crore as compared to Rs 306.66 crore in March 2022 i.e. up by 20.65%. On month on month basis, the company has reported 5.19% rise in March 2023 over February 2023 when collection was Rs 351.75 crore.

Under IRB Infrastructure Developers, in the month of March 2023, IRB MP Expressway collected Rs 121.47 crore toll, IRB Ahmedabad Vadodara Super Express Tollway collected Rs 55.44 crore toll in the same month, CG Tollway received Rs 31.57 crore toll, Udaipur Tollway collected Rs 22.20 crore toll, Palsit Dankuni Tollway collected Rs 17.07 crore toll, AE Tollway received toll of Rs 19.61 crore, toll of Rs 23.24 crore collected by Yedeshi Aurangabad Tollway, toll of Rs 23.26 crore collected by IRB Hapur Moradabad Tollway, Kaithal Tollway collected Rs 12.39 crore toll, Kishangarh Gulabpura Tollway collected toll of Rs 20.99 crore, IRB Westcoast Tollway collected Rs 11.11 crore toll and Solapur Yedeshi Tollway collected toll of Rs 11.64 crore.

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

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