IRB Infrastructure emerges as lowest bidder for NHAI project
after close1 source ↓written by the desknot a recommendation
- capitalization stands
- ₹25,750 cr
- shares trading
- ₹42
- from its 52-week
- 31% discount
- 52-week high
- ₹61
IRB Infrastructure Developers Ltd's associate, IRB Infrastructure Trust, has been identified as the preferred bidder for a Toll-operate-Transfer project on National Highway-16 in Odisha. The company's market capitalization stands at ₹25,750 cr, with shares trading around ₹42, reflecting a 31% discount from its 52-week high of ₹61.
This development may enhance investor sentiment as IRB continues to secure significant projects in the infrastructure sector, potentially impacting its share performance in the near term.
Not investment advice. For informational purposes only.