IRB Infra

Stocks to Watch: RIL arm Reliance Polyester has completed acquisition of polyester business of Shubhalakshmi Polyesters & Shubhlaxmi Polytex

IRB Infrastructure Developers on Thursday said its total toll collection across all projects has increased 27 per cent year-on-year to Rs 351.75 crore in February 2023. The company had reported the toll collection at Rs 277.47 crore in February 2022, it said in a statement. IRB Infrastructure Developers Chairman & Managing Director Virendra D Mhaiskar said that the February 2023 toll collection on all the corridors has once again revealed the consistency and robustness in the growth over last year; thus, reflecting India's economic stability in the post-pandemic era.

Stocks to watch today: Adani Enterprises, ONGC, Coal India, Siemens, Grasim Industries, Eicher Motors, among others will report the October-December (Q3FY23) quarter results

IRB Infrastructure Developers Ltd on Monday reported a 94.49 per cent jump in its consolidated net profit to Rs 141.35 crore for the quarter ended December 31, 2022. The company had clocked a net profit of Rs 72.68 crore during the year-ago quarter, IRB Infrastructure Developers said in a BSE filing. Its total income during October-December 2022 rose to Rs 1,570 crore, from Rs 1,497.78 crore in the year-ago period. The firm's expenses fell to Rs 351.72 crore from Rs 1,280.22 crore. In a statement, the company said GIC Affiliates has committed 49 per cent investment in Ganga Expressway Project, and the first tranche of about Rs 329 crore has been received.

Debt reduction, renewed govt focus on BOT projects, attractive valuations and strong revenue growth forecasts could lead to a re-rating of the stock

Stocks to Watch: Abrdn, formerly Standard Life, is looking to sell 2 per cent of its stake in private sector insurer HDFC Life via block trades on Tuesday

Stocks to Watch: Blackstone Inc. is seeking to raise as much as Rs 3,180 crore ($400 million) through the sale of shares in Indian automotive component maker Sona Comstar

Stocks to Watch today: The US FDA has issued Glenmark Pharma form 483 with 6 observations for its Baddi Unit, which was inspected between June 13-22, 2022.

Amount is 75% of total award for Pathankot-Amritsar told road project, matches union cabinet guideline.

Stocks to watch today: Tata Motors UK subsidiary JLR is likely to halt production due to supply disruption and chip crunch; Aviation stocks in focus after jet fuel prices hiked by 16 per cent.

A consortium of lenders extended financial support of Rs 2,659 crore for the six-lane greenfield expressway corridor of 129.700 km (expandable to eight lanes) between Meerut and Budaun in UP

IRB Infrastructure Developers Ltd on Tuesday reported a 79.04 per cent jump in its consolidated net profit to Rs 175 crore for the fourth quarter ended in March 2022. The company had clocked a net profit of Rs 97.45 crore during the year-ago quarter, IRB Infrastructure Developers said in a BSE filing. Its total income during the January-March 2022 quarter rose to Rs 1,682.72 crore from Rs 1,650.40 crore in the year-ago period. The firm's expenses stood at Rs 1,379.90 crore, as compared to Rs 1,474.27 crore a year ago. The company in a statement said that the financial numbers and toll collection numbers are clear indication of the economic activity regaining pace across the nation, post relaxation from the lockdown imposed as a result of COVID-19 pandemic. IRB Infrastructure Developers Ltd Chairman and Managing Director Virendra D Mhaiskar said, "We witnessed a robust growth in collections across projects as the pandemic related restrictions were relaxed and farmer's protest was .

IRB Infrastructure Developers in a statement said that post fundraise, IRB and GIC affiliates will continue to hold 51 per cent and 49 per cent, respectively, in the InvIT

IRB Infrastructure Developers said it has received a letter of award from the Uttar Pradesh Expressways Industrial Development Authority for developing the Group 1 of Ganga Expressway project

Overall 95% of the votes casted have been in favour of the resolution

IRB will continue to hold 51% and GIC affiliates will continue to hold a 49% stake in the IRB Infrastructure Trust

45 stocks under watch after reports of unauthorized trading tips being exchanged on messaging platforms

IPO to raise Rs 4,300 crore through six road assets

Mumbai based toll road developer said it is sponsor of IRB InvIT Fund, an infrastructure investment trust registered with Sebi Regulations, 2014

Toll road operator's profit soars on construction and rise in revenue from BOT projects;construction order book seen at Rs 8,750 crore