IRB Infrastructure Developers bags orders from NHAI
DSIJ Intelligence / 20 Sep 2016
IRB Infrastructure Developers has bagged a six laning project on Kishangarh - Udaipur - Ahmedabad highway from National Highways Authority of India (NHAI). The project is around 125 kms on NH-79 in the state of Rajasthan.
IRB Infrastructure Developers has bagged a six laning project on Kishangarh - Udaipur - Ahmedabad highway from National Highways Authority of India (NHAI). The project is around 125 kms on NH-79 in the state of Rajasthan. After receiving order, the company’s order book stands at Rs 11300 crore. This will boost company’s construction order book visibility for next three to four years.
IRB Infrastructure Developers’ project is on DBFOT (Toll) pattern under NHDP’s Phase V. The concession period of the project is 20 years including construction period of 910 days. The company will get tolling rights on the project from the appointed date. It has offered premium of Rs 228.6 crore to NHAI in terms of the concession agreement.
The share price of IRB Infrastructure Developers has increased by 2.94 per cent on bourses; and closed at Rs 248.35 on an intraday basis.
IRB Infrastructure Developers is a road, build–operate–transfer (BOT) operator. The company's principal activity is the construction and maintenance of roads. Its business segments include Road Infrastructure Projects; Real Estate and others. It has a portfolio of over 22 Road BOT projects, out of which 14 projects are under construction.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.