Get latest articles and stories on Latest News at LatestLY. Highways developer IRB Infrastructure Developers Ltd on Friday reported a multi-fold increase in consolidated net profit at Rs 363.19 crore for the quarter ended June 30. Latest News | IRB Infra June-qtr Net Rises Multi-fold to Rs 363 Cr.
Initial shareholding data showed that promoters of at least 23 BSE 500 companies raised their stake in the June quarter when the benchmark equity index BSE Sensex cracked 9.48 per cent.
We had mentioned in Wednesday’s closing report that Nifty and Sensex remain under pressure. On Thursday, the indices opened higher and ended with gain.
The company in a statement said that a consortium of lenders extended financial support of Rs 2,659 crore for the six-lane greenfield expressway corridor of 129.700 km (expandable to eight lanes) between Meerut and Budaun in Uttar Pradesh.