IRB Infra Toll Collection Increases by 32% in December; Stock Remains the Same

1.  Search here ...  IRB Infra Toll Collection Increases by 32% in December; Stock Remains the Same    Home - Markets - IRB Infra Toll Collection Increases by 32% in December; Stock Remains the Same   Markets  January 10, 2023       

2.  In December 2022, IRB Infrastructure Developers and its InvIT Arm, IRB Infrastructure Trust, announced a 32% increase in toll revenue on a year-over- year (YoY) basis, totalling Rs 388 crore.   In December 2021, the 몭rm recorded a toll revenue of Rs 294.16 crore. From Rs 365.96 crore in November 2022, the collection grew by 6% as compared sequentially and month to month.   On Monday, IRB Infrastructure Developers informed the exchanges of their toll-collecting updates for December 2022. The stock, however, stayed mainly 몭at and range-bound.    IRB Infrastructure Developers and IRB Infrastructure Trust have reported a combined 32% rise in toll income at Rs 388 crore in December 2022 across all projects on a year-over-year (YoY) basis.  The updates comprise data collected from 10 joint venture companies under IRB Infrastructure Trust and two fully owned subsidiaries of IRB Infrastructure Developers.   Despite the positive business announcements, IRB Infrastructure Developers’ share price stayed unchanged on Tuesday (January 10, 2023), increasing merely 1% to Rs 307.50. The stock’s Monday (January 9, 2023) closing price was Rs 304.35.   Organisation Ideas   According to Virendra D. Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers, the steady increase in the toll collection on all their projects demonstrates not just that the economy is on a development trajectory, but also that these corridors are playing a critical part in this growth.    The partition of the company’s equity shares in a 1:10 ratio had been announced earlier this month, subject to shareholder and applicable regulatory clearance. The corporate action for IRB Infra is likely to be completed by February 28 or early.  With an order book of Rs 20,000 crore, adjusted for GST, Kotak Securities has given IRB Infrastructure a “buy” rating and a target price of Rs 340. It believes that this company would have a solid visibility of income.  

3. In the roads sector, IRB Infrastructure Developers is a domestic multinational infrastructure provider with a base of more than Rs 60,000 crore spread among the parent company and two InvITs in 10 States.   Around 15,500 lane kilometres (km) have been built, tolled, operated, and maintained by IRB Infra across all of India. The company also can build more than 500 km per year.    Its stake in the famed Golden Quadrilateral project in India, the largest by a private infrastructure developer in that country, is roughly 20%. You can share this post!         Previous article CarDekho Makes the Indian Dream Tangible   Next article  Venture Catalysts provides seed money for MindPeers  Related Articles Leave a Reply Your email address will not be published. Required 몭elds are marked * Comment *

4. Name * Email * POST COMMENT Search here ...  Latest Update RECENT POPULAR COMMON  January 10, 2023 Herbalife Nutrition India appoints Smriti Mandhana as brand ambassador    January 10, 2023 Killer Replaces MPL as New Partner of Indian Cricket Team  January 10, 2023 Ashneer Grover Introduces the Third Unicorn to the World  January 10, 2023 Venture Catalysts provides seed money for MindPeers 

5. Most Viewed  December 14, 2022 In A Seed Funding Round, Contlo Raises $3.5 Million    December 14, 2022 Paytm Shares Decline By 3% As A Rs 850 Billion Repurchase Falls Short Of Investors’ Expectations   December 16, 2022 Bharat Krushi Seva Receives INR 43 Million in Startup Money from Renowned Investors   December 15, 2022 As UltraTech Cement Announces a Big Plan, Shares Reach a 52-Week High   November 21, 2022 BJP’s Manoj Tiwari Demands Investigation for Those Meeting Satyendar Jain in Jail 

6.  December 23, 2022 Captain Cool MS Dhoni Joins MYK Laticrete As A Brand Ambassador  Most Reviews RECENT POPULAR COMMON  January 10, 2023 Herbalife Nutrition India appoints Smriti Mandhana as brand ambassador    January 10, 2023 Killer Replaces MPL as New Partner of Indian Cricket Team  January 10, 2023 Ashneer Grover Introduces the Third Unicorn to the World

7. Newsletter Subscribe to our mailing list to get the new updates!  Subscribe our newsletter to stay updated Your email address  About Indiabiz Recent Post  January 10, 2023 Herbalife Nutrition India appoints Smriti Mandhana as brand ambassador    January 10, 2023

8. Killer Replaces MPL as New Partner of Indian Cricket Team  January 10, 2023 Ashneer Grover Introduces the Third Unicorn to the World Popular Categories Trending Post Campaigns Digital Media In A Seed Funding Round, Contlo Raises $3.5 Million   Fund Raising Marketing Markets Politics Startups Paytm Shares Decline By 3% As A Rs 850 Billion Repurchase Falls Short Of Investors’ Expectations  Bharat Krushi Seva Receives INR 43 Million in Startup Money from Renowned Investors  © Copyright Indiabiz.live 2022. Designed and Developed by Indiabiz