IRB Infrastructure Developers Ltd receives LoA from NHAI for road project in Tamil Nadu

IRB Infrastructure Developers Ltd has received Letter of Award from NHAI for the project of Development of Six Laning of Chittoor-Thachur road from km. 96.040 (Pondavakkam) to km. 116.100 (Kannigaipair) on Hybrid Annuity mode under Bharatmala Pariyojana, in the state of Tamil Nadu (Package-IV).

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

NHAI Bid Project Cost is Rs. 652.49 crores and Company's Bid Project Cost is Rs. 909 crores.

The Company's Bid Price (NPV of Company's Bid Project Cost & O&M Cost over the Concession Period) is Rs. 844.14 Crores.

Shares of IRB Infrastructure Developers Limited was last trading in BSE at Rs. 173.8 as compared to the previous close of Rs. 171.25. The total number of shares traded during the day was 333484 in over 3030 trades.

The stock hit an intraday high of Rs. 176.4 and intraday low of 171.65. The net turnover during the day was Rs. 58323525.

Source : Equity Bulls

Keywords