IRB Infrastructure Developers Ltd hands over project to MSRDC
Posted On: 2021-02-24 05:03:31 (Time Zone: Arizona, USA)
Thane Ghodbunder Toll Road Private Limited - Wholly Owned Subsidiary of IRB Infrastructure Developers Limited, has successfully completed concession period of Thane Ghodbunder BOT Project on 23rd February, 2021 and handed over the Project to the Maharashtra State Road Development Corporation Ltd (MSRDC). This Project SPV has contributed appx. 1% of Consolidated total income of the Company as on December 31, 2020.
Shares of IRB INFRASTRUCTURE DEVELOPERS LTD. was last trading in BSE at Rs.106.15 as compared to the previous close of Rs. 105.65. The total number of shares traded during the day was 20418 in over 482 trades.
We had mentioned in Tuesday’s closing report that Nifty, Sensex may fall further if overseas markets remain weak. On Wednesday, the indices rallied and closed with major gains. On the NSE, there were 1,227 advances, 600 declines and 411 unchanged.
The key equity barometers bounced back and hit the day s high in morning trade. The Nifty marched towards the 14,800 mark. Realty stocks witnessed bargain hunting after a four-day losing streak.
At 10:20 IST, the barometer index, the S&P BSE Sensex, was up 352.84 points or 0.71% to 50,097.16. The Nifty 50 index advanced 93.75 points or 0.64% to 14,769.45. The equity benchmarks saw value buying after declining over 4% in the past five sessions.
In the broader market, the S&P BSE Mid-Cap index gained 1.08% while the S&P BSE Small-Cap index added 0.73%.
The market breadth was strong. On the BSE, 1472 shares rose and 542 shares fell. A total of 91 shares were unchanged.
On private placement basisThe Board of IRB Infrastructure Developers at its meeting held on 22 February 2021 has approved the allotment of Unlisted, Unrated, Secured, Redeemable, Nonconvertible Debentures aggregating to Rs 2,184.55 crores on a private placement basis to India Toll Roads. For this purpose, the Company has executed the Debenture trust deed and other transaction documents.
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