IRB Infrastructure Developers Ltd emerges selected bidder for Ganga Expressway, Group-I project

IRB Infrastructure Developers Ltd has emerged as the Selected Bidder for the Project of Development of Access Controlled Six Lane (Expandable to Eight Lane) Greenfield 'Ganga Expressway' [Group-I, from Km. 7+900 (Village: Bijoli, Dist: Meerut) to Km. 137+600, (Village: Nagla Barah, Dist: Budaun), Design length 129.700 Km] in the State of Uttar Pradesh on DBFOT (Toll) basis under PPP and have received Letter of Award (LOA) dated December 16, 2021 from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA).

The Project Cost is Rs. 6,555 Crores and Viability Gap Funding will be Rs. 1,746 crores.

The Traffic-linked concession period of upto 36 years commencing from the Appointed Date including Construction Period of 3 years.

The total order book of the Company now stands at Rs. 19,210 Crores including construction order book of Rs. 12,677 Crores - providing revenue visibility of next three years.

Shares of IRB Infrastructure Developers Limited was last trading in BSE at Rs. 204.00 as compared to the previous close of Rs. 206.95. The total number of shares traded during the day was 172776 in over 4186 trades.

The stock hit an intraday high of Rs. 208.90 and intraday low of 197.90. The net turnover during the day was Rs. 35110023.00.

Source : Equity Bulls

Keywords

IRBInfrastructureDevelopers INE821I01014 SelectedBidder GangaExpressway Group1 UPEIDA