IRB Infra Gains After Bagging Two Projects In Tamil Nadu


IRB Infra Gains After Bagging Two Projects In Tamil Nadu

IRB Infrastructure Developers rose 1.50% to Rs 219.20 at 12:35 IST on BSE after the company said it emerged as preferred bidder for two projects in Tamil Nadu.

The announcement was made after trading hours yesterday, 13 March 2018. Meanwhile, the S&P BSE Sensex was down 252.26 points, or 0.75% to 33,604.52.

On the BSE, 1.28 lakh shares were traded in the counter so far compared with average daily volumes of 55,000 shares in the past two weeks. The stock had hit a high of Rs 222.20 and a low of Rs 217.45 so far during the day. The stock hit a 52-week high of Rs 272.40 on 3 May 2017. The stock hit a 52-week low of Rs 193.80 on 13 December 2017.

IRB Infrastructure Developers, in consortium with Modern Road Makers (wholly-owned subsidiary of the company), has emerged as a preferred bidder for two hybrid annuity projects under NHDP Phase IV in Tamil Nadu. Read More…

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