IRB Infra jumps 5% on receiving completion certificate for Yedeshi Aurangabad project
NEW DELHI: Shares of IRB Infra NSE 6.12 % jumped 5 per cent in Friday’s trade after the company said its special purpose vehicle (SPV) will start toll collection on Yedeshi Aurangabad highway in Maharashtra after receiving completion certificate for the highway stretch on NH-211. Following the development, the stock rose 5.03 per cent to hit a high of Rs 107.45 on BSE.
“Yedeshi Aurangabad BOT (build, operate, transfer) Project implemented by Yedeshi Aurangabad Tollway Limited (SPV) which is now part of IRB Infrastructure Trust – Private InvIT has been issued a Completion Certificate by the Competent Authority,” the company said in a regulatory filing to the BSE.
