IRB Infrastructure Developers, a highway construction company, witnessed a rise in share price on Tuesday after the company announced that it has now received Letter of Award (LoA) from NHAI worth approximately Rs 26.50 billion.

This project is for the six laning of Agra-Etawah Bypass section of NH-2 (from km 199.660 to km 323.525) in the State of Uttar Pradesh under NHDP Phase-V on BOT (Toll) mode (the project).

Shares of the company are trading at Rs 243, up Rs 4.35, or 1.82% at the Bombay Stock Exchange (BSE) on Tuesday at 11:06 a.m.

The scrip has touched an intra-day high of Rs 247 and low of Rs 241.30. The total volume of shares traded at the BSE is 99,974.