Read more about Weak market breadth; metal stocks tumble on Business Standard. In the broader market, the S&P BSE Mid-Cap index tumbled 2.35% while the S&P BSE Small-Cap index declined 1.75%.
The VM7 Expressway, a Wholly-owned Subsidiary and an SPV of the IRB Infrastructure Developers, India s leading and one of the largest highway
developers has achieved Financial Closure for its Gandeva - Ena HAM project in Gujarat.
The project is 8 laning of Gandeva - Ena section of 27.500 Kms on the upcoming Vadodara
Mumbai Expressway under the Bharatmala Pariyojana (Phase I, Package VII)
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IRB Infrastructure Developers Ltd on Monday reported a 56 per cent decline in its consolidated net profit to Rs 69.48 crore for the quarter ended December 31, 2020. The company had clocked a Rs 159.73-crore net profit during the year-ago quarter, IRB Infrastructure Developers said in a BSE filing. Its total income during October-December 2020 fell to Rs 1,594.80 crore, from Rs 1,790.17 crore in the year-ago period. The firm s expenses stood at Rs 1,459.32 crore, lower as compared with Rs 1,534.36 crore a year ago. In a statement, the company said, It has bounced back to post the net profit of Rs 69 crore in the third quarter of 2020-21, leaving behind the adverse impact of the COVID-19 pandemic on operations in initial quarters of 2020-21.
Read more about IRB Infrastructure Developers consolidated net profit declines 56.50% in the December 2020 quarter on Business Standard. Sales decline 11.22% to Rs 1547.16 crore
On 18 January 2021The Board of IRB Infrastructure Developers will meet on 18 January 2021 to consider and approve increase in limit of raising of funds through various options including by way of issuance of debt securities, including non- convertible debentures, through permissible routes, in the onshore/offshore market, by public issue and/ or on private placement basis, subject to market conditions.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue