IRB Infrastructure gains as its project SPV signs Concession Agreement with HMDA!

IRB Infrastructure gains as its project SPV signs Concession Agreement with HMDA!

by 5paisa Research Team Last Updated: May 29, 2023 - 12:47 pm 417 Views

The company has an order book of Rs 20,500 crore. 

Agreement for Tolling and Operations & Maintenance  

The IRB Golkonda Expressway, a Project SPV of India’s leading and the largest integrated multi-national infrastructure player in the highways sector, IRB Infrastructure Developers (IRB Infra), has signed the Concession Agreement with Hyderabad Metropolitan Development Authority (HMDA) for Tolling and Operations & Maintenance of Jawaharlal Nehru Outer Ring Road, popularly known as Hyderabad ORR in the State of Telangana on Toll-Operate Transfer (TOT) basis. 

The Project will have a toll plaza at 22 interchanges, 8 major bridges, 122 minor bridges, a flyover, 4 railway over bridges, 168 underpasses, and a large number of culverts & causeways. The total service road length is 294 km. The Project has close loop tolling. IRB is to pay an upfront Concession Fee of Rs 7,380 crore to HMDA for a revenue-linked Concession Period of 30 years. IRB endeavours to implement this Project through its Associate viz. IRB Infrastructure Trust. 

Share price movement of IRB Infrastructure Developers Limited 

Today, the stock opened at Rs 24.61, with a high and low of Rs 27.89 and Rs 27.50. Currently, the stock is trading at Rs 27.64, up by 0.33%. 

In the last six months, the shares of the company have given about 1% returns, and in the last 1 year, the stock has given about 20% returns. 

The stock has a 52-week high of Rs 35 and a 52-week low of Rs 17.91. The company has a ROCE of 8.73% and an ROE of 5.55% with a market capitalisation of Rs 16,680 crore. 

Company profile 

IRB Infrastructure Developers is among India’s leading infrastructure developers specializing in roadways and highways. It enjoys robust in-house integrated project execution capabilities - Engineering, Procurement, and Construction (EPC) and Operation and Maintenance (O&M) - across all its business verticals.

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