IRB Infra Developers Gains On Bagging Highway Order IRB Infra Developers made a bid of Rs 828 crore for the project while NHAI s bid project cost was Rs 758.04 crore.
Updated: April 01, 2021 5:42 pm IST
Shares of Mumbai-based highway construction company IRB Infrastructure Developers rose as much as 5.84 per cent to hit an intraday high of Rs 115 after the company informed exchanges that it was awarded project for rehabilitation and upgradation of highway between Punjab and Himachal Pradesh by National Highway Authority of India (NHAI). IRB Infra Developers received letter of award from NHAI for the project of rehabilitation and upgradation to four lane configuration and strengthening of Punjab-Himachal Pradesh border from Km 11.000 to Km 42.000 (Design Length 28.700 KM) of NH-20 (New NH-154) of Pathankot-Mandi section in the state of Himachal Pradesh on Hybrid Annuity Mode (HAM), IRB Infra Developers said in a stock exchange filing.
IRB Infrastructure Developers Ltd receives LOA from NHAI for road project
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