IRB Infrastructure shares jump 6% after bagging 2 contracts worth Rs 3,249 crore

IRB Infrastructure Developers share price jumped over 6 percent intraday on March 31, a day after the company said it had won two highway projects in West Bengal and Himachal Pradesh.

IRB Infrastructure said on March 30 that the two new works had taken the total project wins in the current fiscal to Rs 5,004 crore, it said.

The company said it received a letter of award for BOT (build, operate, transfer) Project from the National Highways Authority of India for six-laning of the 63.38-km Dankuni-Palsit stretch of NH-19 in West Bengal with the project cost of Rs 2,421 crore.

It also emerged as a preferred bidder for the hybrid annuity model (HAM) project in Himachal Pradesh involving the four-laning of 28.700-km stretch on the Pathankot Mandi section of the NH-20 (New NH-154) with a bid project cost of Rs 828 crore.