IRB Infrastructure Developers Ltd : This construction company has been selected as the preferred bidder for a Rs 2,132 crore project.
IRB Infrastructure Developers Ltd’s shares rose 5.15 percent today to Rs 297.85 crore, with an intraday high of Rs 300.95 and a low of Rs 281.35. Over a two-year period, the stock had multibagger gains of 177%.
In a recent news release, IRB Infrastructure Developers Ltd revealed that it had been selected as the preferred bidder for a Rs 2,132 crore BOT project in the state of Gujarat. The project, which has a concession length of 20 years from the appointed date, is the 6 laneing of the 90.90 km section in Gujarat between Samakhiyali and Santalpur. When the above project is awarded, the company’s order book would be amended to Rs 20,892 crore.
IRB Infrastructure Developers Ltd is a road and highway infrastructure development and construction company in India. It also operates in other infrastructure-related business categories such as road maintenance, building, airport development, and real estate.
In terms of financing, IRB Infrastructure Developers has a market capitalization of Rs 17,988 crore and a three-year CAGR of 44%. In its quarterly and annual results, the corporation reported exceptional results. In comparison to Q3FY22, net sales increased by 18.38% and net profit increased by 93.15% in Q3FY23.
The company’s 52-week high is Rs 329.30 and its 52-week low is Rs 179.05. For the upcoming trading session, investors should keep a watch on this Mid-Cap construction business.