Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
19 September, 2018 14:47 IST
IRB Infra receives two hybrid annuity projects in Tamil Nadu
Source: IRIS | 14 Mar, 2018, 09.34AM
Comments  |  Post Comment

IRB Infrastructure Developers (IRB), India's leading and the largest infrastructure developers in BOT space in Roads and Highways sector has bagged two projects under Hybrid Annuity Model (HAM) in Tamil Nadu State.

The company has been emerged as a preferred bidder for the two Tamil Nadu based projects aggregating 94.80 Kms; with cost outlay of Rs 34.92 billion. 

Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure (Q,N,C,F)* Developers, said, ''Winning these two projects for the first time under Hybrid Annuity model, demonstrates high trust and confidence in our domain expertise and execution capacities.'' He added, ''Alike BOT space, we would endeavour to leave our footprints and achieve new benchmarks in HAM space too.''

Shares of the company gained Rs 3.55, or 1.64%, to trade at  Rs 219.50.  The total volume of shares traded  was  31,565 at the BSE (9.23 a.m., Wednesday).

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Glenmark Pharma inducted into DJSI Emerging Market 2018 - 19-Sep-2018 12:09
TVS Motor Co strengthens presence in Mexico - 19-Sep-2018 11:56
Himachal Futuristic Communications bags order worth Rs 6.11 bn - 19-Sep-2018 11:52
Tata Steel completes acquisition of Creative Port Development - 19-Sep-2018 11:48
SABIC acquires 24.99% stake in Clariant globally - 19-Sep-2018 11:45
Tata Power launches its VoiceBOT TINA - 19-Sep-2018 11:42
Sun Pharma gets European Commission nod for ILUMETRI - 18-Sep-2018 17:02
Indian Hume Pipe receives LoA for order worth Rs 2.21 bn - 18-Sep-2018 16:58
Tata iQ selects TCS Jile to Drive Agile Transformation - 18-Sep-2018 16:48
Strides Pharma Science completes inspection for product pre-approval - 18-Sep-2018 16:39
Government to merge Dena Bank, Vijaya Bank, Bank of Baroda - 18-Sep-2018 15:33
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer