Pathankot Mandi Highway Private Limited achieves financial closure

Pathankot Mandi Highway Private Limited - Wholly-owned Subsidiary of IRB Infrastructure Developers Ltd ("the SPV"), has achieved financial closure for the Project of Rehabilitation and Upgradation to Four Lane configuration & Strengthening of Punjab/HP Border to Mo from Km 11.000 to Km 42.000 (Design Length 28.700 KM) of NH-20 (New NH-154) of Pathankot-Mandi Section in the state of Himachal Pradesh on Hybrid Annuity Mode (HAM) (Package-IA).

The Construction Period is 730 Days & Operation Period is 15 (Fifteen) years commencing from COD.

The Project involves a grant of Rs. 331 Crores from NHAI, equity of Rs. 124 Crores from the Company and Project Financing of Rs. 373 Crores from the lenders.

Shares of IRB Infrastructure Developers Limited was last trading in BSE at Rs. 222.85 as compared to the previous close of Rs. 219.60. The total number of shares traded during the day was 159668 in over 2287 trades.

The stock hit an intraday high of Rs. 227.50 and intraday low of 218.45. The net turnover during the day was Rs. 35705262.00.

Source : Equity Bulls

Keywords

IRBInfrastructureDevelopers INE821I01014 FinancialClosure PathankotMandiHighway SPV