IDAA Infrastructure completes concession period of project

IDAA Infrastructure Limited, a Project SPV of IRB InvIT Fund ("Trust") has successfully completed Concession Period of Six/Four laning of Km. 198/000 to 263/400, Bharuch-Surat section of NH-8 in Gujarat on Build, Operate & Transfer (BOT) basis - Package BOT 2 ("Project") on March 31, 2022 and handed over the Project Highway including Project Assets to National Highways Authority of India (NHAI) in terms of the Concession Agreement.

Shares of IRB InvIT Fund was last trading in BSE at Rs. 52.43 as compared to the previous close of Rs. 52.29. The total number of shares traded during the day was 59866 in over 211 trades.

The stock hit an intraday high of Rs. 52.65 and intraday low of 52.01. The net turnover during the day was Rs. 3139380.00.

Source : Equity Bulls

Keywords

IDAAInfrastructure SPV Project IRBInvITFund NHAI HandOver