IRB Infra gets LoA of Rs 1530 crore from NHAI; shares gain 3%

Shares of IRB Infrastructure Developers added 3 percent intraday Thursday as it has received letter of award (LoA) of Rs 1530 crore from NHAI. The company has received LoA from NHAI for the project of six laning of Kishagarh to Gulabpura section of NH 79A and NH 79 in the state of Rajasthan under NHDP phase V package - I project. The estimated project cost of the company is approximately Rs 1530 crore on DBFOT basis, with a total length is 90 kilo meters.

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