Shares of
IRB Infrastructure Developers Ltd ended on a flat note on Monday after receiving a Letter of Award (LoA) from NHAI in the state of Tamil Nadu.
In the regulatory filing, “in continuation with our earlier announcement dated September 2, 2021, we are pleased to inform you that the Company has received Letter of Award from NHAI for the project of Development of Six Laning of Chittoor-Thachur road from km. 96.040 (Pondavakkam) to km. 116.100 (Kannigaipair) on Hybrid Annuity mode under Bharatmala Pariyojana, in the state of Tamil Nadu (Package-IV).”
The construction Period of 730 Days & the Operation Period of 15-years commencing from COD, the company said.
The stock is currently trading at Rs174.60 up by Rs0.8 or 0.46% from its previous closing of Rs173.80 on the BSE.
The scrip opened at Rs177 and has touched a high and low of Rs177 and Rs174 respectively.
