IRB Infrastructure Developers Ltd receives LoA from NHAI for hybrid annuity project

IRB Infrastructure Developers Ltd has now received Letter of Award from National Highways Authority of India (NHAI) for Hybrid Annuity Project under Bharatmala Pariyojana (Phase I-Package VII).

The project is for construction of Eight lane access controlled Expressway from Km 190.000 to Km 217.500 of Vadodara Mumbai Expressway (Gandeva to Ena Section) in the State of Gujarat on Hybrid Annuity Mode under Bharatmala Pariyojana (Phase I-Package VII)

The construction period for the project is 730 days and operation period is 15 years.

Shares of IRB INFRASTRUCTURE DEVELOPERS LTD. was last trading in BSE at Rs.120.8 as compared to the previous close of Rs. 122.9. The total number of shares traded during the day was 203160 in over 3916 trades.

The stock hit an intraday high of Rs. 124.85 and intraday low of 119.65. The net turnover during the day was Rs. 24756194.

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