IRB Infrastructure Developers, a highway construction company, witnessed a rise in share price on Thursday after it announced that it has emerged as a preferred bidder for the project of Six Laning of Agra, Etawah Bypass sections from NH-2 in the state of Uttar Pradesh under NHDP Phase- V on BOT (Toll) mode.
The estimated project cost of the company is approximately Rs 26.5 billion with construction period of 910 days. The concession period for the same is 24 years.
Shares of the company are trading at Rs 247.40, up Rs 5.4, or 2.23% at the Bombay Stock Exchange (BSE) on Thursday at 9:28 a.m.
Total volume of shares traded on the bourses today was lower by 36.60% to 950,010 compared with 22-day average volume of 1,498,444.