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IRB Infra's subsidiaries sign concession agreement with NHAI

Posted On: 2018-05-16 13:08:42

IRB Infra's subsidiaries sign concession agreement with NHAIIRB PS Highway Private Limited and IRB PP Project Private Limited - Wholly-owned Subsidiaries of IRB Infrastructure Developers Ltd have now executed Concession Agreement with National Highways Authority of India (NHAI) for two Hybrid Annuity Projects under NHDP Phase IV in the state of Tamil Nadu.

IRBPS Highway Private Limited will implement the project for Four Laning of Poondiankuppam to Sattanathapuram (Design Ch. Km. 67.000 to Km 123+800) section of NH-45A. The construction period is 730 days and operation period is 15 years.

IRBPS PP Project Private Limited will implement the project for Four Laning of Puducherry (Km. P 29.000) to Poondiyankuppam (Km.67.000) section of NH-45A (NewNH-32). The construction period is 730 days and operation period is 15 years.

Shares of IRB INFRASTRUCTURE DEVELOPERS LTD. was last trading in BSE at Rs.251 as compared to the previous close of Rs. 256.8. The total number of shares traded during the day was 193193 in over 1512 trades.

The stock hit an intraday high of Rs. 262.25 and intraday low of 248.2. The net turnover during the day was Rs. 49250517.


Source: Equity Bulls

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