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A short build-up was seen in 67 stocks including Coromandel International, Bajaj Finance, Chambal Fertilisers & Chemicals, Bharat Electronics, and Bajaj Finserv.
IRB Infrastructure Developers is the sponsor of IRB Infrastructure Trust. IRB was the EPC contractor for YATL and continues to be the project manager for YATL.
IRB will receive Rs 1,681 crore towards the compensation and is also entitled to receive further interest from the date of the award till the date of realisation of the compensation as per terms of the award.
An arbitration tribunal has asked the national highways authority of India (NHAI) to pay a compensation of Rs1,720 crore, including interest to Yedeshi Aurangabad Tollway Ltd (YATL), a special purpose vehicle (SPV) of the IRB Infrastructure Trust, which is a private infrastructure investment trust (InvIT) associate of IRB Infrastructure Developers Ltd.
The Samakhiyali Santalpur BOT project in Gujarat started collecting toll from December 28 and will have a full quarter's worth of revenue to contribute in the remaining months of FY24