IRB Infrastructure shares soar 7% on Rs 9,270 crore project win

IRB Infra Developers stock climbs 7 pc as firm bags Rs 9,270 cr project from NHAI

New Delhi, Nov 17 (PTI) Shares of IRB Infrastructure Developers on Monday climbed by 7 per cent on the bourses after the company bagged a package toll operate and transfer project from NHAI in Uttar Pradesh for Rs 9,270 crore. The scrip of the company jumped 7.04 per cent to Rs 45.93 apiece on the BSE. On the NSE, IRB Infrastructure's shares appreciated by 6.96 per cent to Rs 45.95 per piece. The 30-share BSE Sensex rose 156.66 points, or 0.19 p…

IRB Infrastructure shares soar 7% on Rs 9,270 crore project win

IRB Infrastructure shares rose sharply on Monday after the company bagged NHAIs Rs 9,270-crore TOT-17 project, its highest-valued 20-year monetisation award. The award covers 366 kilometres across the Lucknow–Ayodhya–Gorakhpur corridor on NH-27, along with a section of the Lucknow–Varanasi route on NH-731. The order win is being seen as a major boost to IRBs portfolio, toll revenue outlook and asset base.