Small BusinessIRB Infra jumps on highway deal
The IRB Infrastructure Developers scrip rose 6 per cent to Rs 148.15 on securing a highway project in Rajasthan. The company emerged as the lowest bidder for the highway project to be built between Jaipur to Deoli section of NH12. The Rs 1,500-crore project is on a grant basis with a concession period of 25 years. It has sought a grant of Rs 306 crore for the project from NHAI.
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The stock made an intraday high of Rs 149.35 and a low of Rs 135 with trading volumes of 15,23,000 shares (about 1.7 times higher its two-week average).