Shares of the company gained over 50 per cent in the last six months.
IRB Infrastructure Trust, a subsidiary of IRB Infrastructure Developers, has emerged victorious in the bidding for NHAI’s TOT-13 project. This strategic win marks the trust’s 4th foray into the TOT model, further solidifying its position as the leading private player in India’s highway infrastructure sector.
With this acquisition, IRB Infrastructure Trust boasts a robust 38 per cent market share in the TOT segment, the highest among all private players. The project encompasses the tolling, operation, maintenance, and transfer of two key stretches: Kota Bypass and Cable Stay Bridge on NH-76 in Rajasthan, and the Gwalior-Jhansi section in Madhya Pradesh for a 20-year period.
This strategic win adds an estimated Rs. 1,800 crore (excluding GST) to IRB’s order book. The winning bid involves an upfront payment of Rs. 1,683 crore to NHAI upon financial closure. The company has an order book of Rs 37,500 crore. The stock also made a fresh 52-week high on Friday
IRB Infrastructure Developers Limited (IRB) is a leading infrastructure development company in India, with a strong track record of executing and operating complex projects. The company has a portfolio of over 15,000 lane km of highways, making it one of the largest highway operators in the country. Overall, IRB Infrastructure Developers Limited is a well-positioned company with a strong track record of growth. LIC owns a 3.33 per cent stake in the company.
The stock also delivered multibagger returns of over 250 per cent in the last three years. Investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
