IRB Infrastructure Developers Ltd
IRB Infrastructure Developers Ltd today said it has won an Rs 1,687 crore project from Maharashtra State Road Development Corporation (MSRDC) for operation and maintenance of an expressway along with a stretch of Mumbai-Pune NH 4. The company has received the letter of award for MSRDC’s project of operation and maintenance of Yashwantrao Chawan Expressway [...] Continue Reading »
Continuing its steady gains of late, the stock of IRB Infrastructure Developers witnessed yet another increase – of 11 percent – on May 26. The last three weeks have marked a strong rally for the IRB Infrastructure stock, which has seen a surge of a whopping 83 percent since May 2. Along with recording the [...] Continue Reading »
The company was selected as the preferred bidder to develop and run a toll road project worth Rs 3,200 crore ($528.45 million) in Maharashtra. As a result, Shares in IRB Infrastructure Developers Ltd gained as much as 3.8 percent in intraday trade. Macquarie started coverage on the stock with an “outperform” rating and a target [...] Continue Reading »
