Moneycontrol
Last Updated : Jan 25, 2012 02:43 PM IST | Source: Moneycontrol.com

IVRCL to put 2 road projects on block; stock gains

According to sources, IVRCL is likely to put two key road projects on the block, reports CNBC-TV18.

 
 
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According to sources, IVRCL is likely to put two key road projects on the block. Both projects valued at Rs 1000 crore.


Rel Infra is likely to be the frontrunner for the road projects. SBI Cap is likely to have been mandated for sale. Chengapalli-Coimbatore-Walayar project and Salem-Coimbatore road project are on the block, reports CNBC-TV18.

The share touched an intraday high of Rs 51.30 and an intraday low of Rs 48.60. At 10:58 hrs the share was quoting at Rs 50.70, up Rs 0.55, or 1.10%.
 
It was trading with volumes of 1,046,391 shares. In the previous trading session, the share closed up 10.58% or Rs 4.80 at Rs 50.15.

First Published on Jan 25, 2012 11:00 am
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