The shares of IRB Infrastructure increased 5.6% after the company completed the project within the time. The company’s owned subsidiary company IRB PS Highway has successfully achieved financial closure for a project within the given timeframe as mentioned in the concession agreement for the project.

The project included 4-laning of Poondiyankuppam to Sattanathapuram of National Highway (NH) – 45A. A bid project cost of this company is of INR 2,169 Cr. At 04:00 PM, 1 October 2018 the share price of IRB infrastructure Developers was quoting at INR 144.50 up INR 7:30 or 5.32%.

About IRB Infrastructure:

Incorporated in 1998, IRB Infrastructure Developers is a highway construction company headquartered in Mumbai. The core strength lies in the ability to execute BOT (Build-Operate-Transfer) road & highway projects.