IRB Infra up 4% as it emerges preferred bidder for Rs 2,132 cr BOT project

The company has fixed Wednesday, February 22, 2023 as the 'Record Date' for the purpose of determining the eligibility of shareholders for the purpose of sub-division /split in the ratio of 1:10.

Shares of IRB Infrastructure rallied 4 per cent to Rs 295.25 in Tuesday’s intra-day trade, after the company emerged as a preferred bidder for Rs 2,132 crore built-operate-transfer (BOT) project in Gujarat.

The project, with Concession Period of 20 years from the Appointed Date, is a six-lane 90.9 kilometers stretch between Samakhiyali to Santalpur.

Upon award of this project, the company’s order book will stand revised to around Rs 20,892 crore (excluding GST), which includes construction order book of Rs 9,714 crore, which would provide strong visibility for next ~2.5 years.

IRB is India’s first multinational infrastructure