6.7 C
London
Saturday, April 10, 2021

IRB Infra soars by more than 5% on the bagging of two projects

Must read

UK Time Newshttps://www.uktimenews.com
UK Time News is your daily dose of Latest News, Entertainment, Music, Fashion, Lifestyle, World, Cricket, Sports, Politics, Tech, Business News Website. We provide you with the Latest Breaking News Straight from the UK & all around the World on different categories.

IRB Infra is the largest developer of private toll roads and motorway infrastructure in India

Shares of IRB Infrastructure Developers climbed more than 5% in a weak market as the company bagged two highway projects, one in West Bengal and Himachal Pradesh. At 2 p.m., shares of the infra company were trading at Rs 109.05, up 5.5 percent, on BSE.

READ  New York State Senate passes bill to legalize recreational weed
READ  Dolce & Gabbana CEO denies talks with Kering over possible merger

“IRB Infra has received a letter of awards from the National Highways Authority of India (NHAI) for a BOT project in West Bengal and a Hybrid Annuity Model (HAM) project in Himachal Pradesh,” IRB Infra said in a report. regulatory filing on stock exchanges. The West Bengal project is worth Rs 2,421 crore and the Himachal Pradesh project is worth Rs 828 crore. These two projects brought the company’s total project orders to over Rs 5,000 crore in FY21.

READ  Global stocks hit their highest level in a week as inflation scares fade

IRB Infra is the largest developer of private toll roads and motorway infrastructure in India.

The Sensex was trading at 49,643.80, down 486.95 points or 0.96% and the NSE Nifty was at 14,732.70, down 116.60 points or 0.71% at the time. .

READ  Global stocks hit their highest level in a week as inflation scares fade

.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

15,129FansLike
4,596FollowersFollow

Latest article