IRB Infrastructure toll collection: The shares of IRB Infrastructure Developers gained 1 per cent immediately (March 10) to commerce at Rs 30 apiece at round 10:30 am on the again of robust toll collection knowledge for February month. The Mumbai-based highways infrastructure developer reported a soar of 27 per cent in toll collection to Rs 351.75 crore in February this yr, in accordance to an alternate submitting.
The firm had reported February 2022 toll collection at Rs 277.47 crore. “Toll collection on all the corridors show the consistency and robustness in the growth over last year. It reflects India’s economic stability in the post pandemic era,” Virendra D Mhaiskar, chairman and MD, IRB Infra, mentioned in an announcement.
IRB Infra lately cut up its fairness shares in a ten:1 ratio, that means one share was divided into 10 shares bearing a face worth of Rs 1 every. The firm’s order e-book at present stands at Rs 20,892 crore, together with a development order e-book of Rs 9,714 crore.
IRB Infra has an asset base of over Rs 62,000 crore in 10 states throughout the father or mother firm and two InvITs. It has round 20 per cent share in the Golden Quadrilateral venture, which is the most important by any non-public infrastructure developer in the nation. IRB Infra in the October-December quarter reported a 94 per cent soar in web revenue to Rs 141.35 crore from Rs 72.68 crore in the corresponding quarter final fiscal.
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