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IRB Infrastructure Developers Limited ( (IN:IRB) ) just unveiled an announcement.
IRB Infrastructure Developers Limited, through its associate IRB Infrastructure Trust, has secured a significant project from the National Highways Authority of India. The project involves tolling, operation, maintenance, and transfer of several highway sections in Uttar Pradesh, covering a total length of 366.096 kilometers. This project, known as TOT-17, requires an upfront bid concession fee of Rs. 9,270 Crores for a 20-year concession period. With this addition, the Trust’s asset portfolio will increase by approximately 20%, enhancing its long-term revenue and cash flow generation capabilities.
More about IRB Infrastructure Developers Limited
IRB Infrastructure Developers Limited operates in the infrastructure sector, focusing on the development, operation, and maintenance of road and highway projects. The company is a key player in the Indian market, engaging in public-private partnerships to enhance national infrastructure.
Average Trading Volume: 740,775
Technical Sentiment Signal: Hold
Current Market Cap: 261.5B INR
Find detailed analytics on IRB stock on TipRanks’ Stock Analysis page.