Shares of IRB Infrastructure Developers edged 9 per cent higher to Rs 112.30 on the BSE in intra-day trade on Wednesday after the company announced an exciting end to the FY 2020-21 with the addition of two new PPP (public-private partnership) projects to its portfolio.
“The company has won two highway projects with project costs of Rs 3,179 crore in West Bengal and Himachal Pradesh. Thus, the company is closing its financial year after successfully securing new orders amounting to a total of Rs 5,004 crore. This works out to approximately 5 per cent of the total market share of awards on a PPP basis issued by the National Highways Authority of India (NHAI) in the financial year 2020-21,” IRB Infra said in an exchange filing.
