IRB Infrastructure

IRB Infrastructure Trust, a privately placed infrastructure investment trust (InvIT) sponsored by IRB Infrastructure Developers Ltd, on Monday listed on the National Stock Exchange. IRB Infrastructure Trust in a statement said that the Trust has become the first private InvIT listed on the National Stock Exchange after the regulator SEBI's guidelines on listing framework for the non-listed InvITs came into force a few months ago. The chairman of the IRB Infrastructure Trust and chairman and managing director of the sponsor IRB Infrastructure Developers Ltd, Virendra D. Mhaiskar, said in the last four years the project portfolio of the Trust has made stupendous progress and has achieved a size of almost Rs 27,000 crore Enterprise Value with balance concession life of 18 plus years. This development platform of IRB with marque investor like GIC - sovereign wealth fund of Singapore will create immense value for the whole IRB group and provide strong growth potential going forward, he

At the bourses, shares of HG Infra Engineering, KNR Constructions, and KEC International have surged up to 9.3 per cent since February 1

Meanwhile, in past two trading days, the stock has surged 12 per cent after the company emerged as a preferred bidder for Rs 2,132 crore built-operate-transfer (BOT) project in Gujarat.

In the past one month, the stock of IRB Infra outperformed market, as they surged 29 per cent, as compared to nearly 1 per cent decline in the S&P BSE Sensex

IRB Infrastructure is well poised to leverage the government's push on creating highway infrastructure due to its strong balance sheet and its association with the Spain-based Cintra

Engineering and capital goods companies are likely to see revenue growth momentum, led by robust order backlog and pick-up in execution

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

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 Ltd reported a 4.6 per cent rise in its consolidated net profit to Rs 72.68 crore for the quarter ended December 31, 2021.

Hindustan Unilever and the FMCG pack will be in focus as distributors in Maharashtra plan to stop supply HUL products in phases from Jan 1, also rural demand for FMCG has been weak in Dec quarter

IRB Infra has announced two separate equity fundraise of up to Rs 5,347 crore via preferential issue of equity shares, at Rs 211.79 per share, a 28 per cent discount to Tuesday close

The company's board meet is scheduled to be held on Tuesday, October 26, 2021 to also consider and approve a proposal of fund raising and also announce September quarter results

HDFC Mutual Fund bought 4.94 million shares, representing 1.4 per cent stake, in IRB Infra via open market

The company said the construction period for the stretch is 730 days, while operation period is 15 years

These companies have lost 70 per cent of their market capitalisation in the past six years and four of them are down 90 per cent or more during the period

Though normalisation of indicators bodes well, EPC order book expansion is crucial for growth

Last week, the company had emerged as the preferred bidder for the project under hybrid annuity mode (HAM), with a bid cost of Rs 1,755 crore

The entire pharma space has been in limelight since the coronavirus pandemic outbreak

The remaining about Rs 650 crore, the company said will be invested in the progress of construction of the under-construction projects