IRB Infrastructure Developers shares gained 3 percent intraday Monday on bagging six laning road project in Rajasthan that increased its order book to over Rs 11,000 crore.
"The company has emerged as a preferred bidder for the project of six laning of Kishangarh to Gulabpura section of NH 79A and NH 79 in Rajasthan on DBFOT (design-build-finance-operate-transfer - Toll) under NHDP Phase V package - I project," the Mumbai-based road developer said in its filing.
The concession period of the project is 20 years including construction period of 910 days and the company will get tolling rights on project from the appointed date.
Project length is approximately 90 Kms.
"The company has offered premium of Rs 186.30 crore to NHAI in terms of the concession agreement," it said.
With this project, IRB's construction order book stood at approximately Rs 11,061 crore.
At 09:21 hours IST, the stock was quoting at Rs 196.40, up Rs 5.10, or 2.67 percent on the BSE.Posted by Sunil Shankar Matkar
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