IRB Infrastructure Developers
announced that Kaithal - Rajasthan Border BOT Project implemented by
wholly-owned SPV of the Company viz. Kaithal Tollway (SPV), has been
issued a Provisional Certificate by the Competent Authority effective
September 6, 2017.
Consequently, the SPV has started partial toll collection on this project from September 8, 2017; four months ahead of the scheduled commercial operation date, the company said in a filing to the bourses on Monday.
The project is for four-laning of Kaithal-Rajasthan border section of NH-152/65 from 33,250 km to 241.580 km (design length 166 km) in the state of Haryana. The concession period of the project is 27 years including construction period of 2.5 years. The cost of the project is Rs 2,290 crore.
Meanwhile, the stock of IRB Infrastructure Developers was trading down by 2.19% at Rs 212 per share on BSE at 1013 hours. The stock opened at Rs 215.90 per share. It touched its intraday high and low at Rs 216 and Rs 212 per share, respectively.
The stock has attracted a total traded volume of 5,63,674 shares and traded value of Rs 1,204.35 lakh on NSE at 1014 hours. Its 52-week high stood at Rs 272.65 as on May 3, 2017 and 52-week low at Rs 177.45 as on November 23, 2016..
Consequently, the SPV has started partial toll collection on this project from September 8, 2017; four months ahead of the scheduled commercial operation date, the company said in a filing to the bourses on Monday.
The project is for four-laning of Kaithal-Rajasthan border section of NH-152/65 from 33,250 km to 241.580 km (design length 166 km) in the state of Haryana. The concession period of the project is 27 years including construction period of 2.5 years. The cost of the project is Rs 2,290 crore.
Meanwhile, the stock of IRB Infrastructure Developers was trading down by 2.19% at Rs 212 per share on BSE at 1013 hours. The stock opened at Rs 215.90 per share. It touched its intraday high and low at Rs 216 and Rs 212 per share, respectively.
The stock has attracted a total traded volume of 5,63,674 shares and traded value of Rs 1,204.35 lakh on NSE at 1014 hours. Its 52-week high stood at Rs 272.65 as on May 3, 2017 and 52-week low at Rs 177.45 as on November 23, 2016..
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