The share price of IRB Infrastructure Development rose as much as 7% to the day’s high of Rs 45.95 on the National Stock Exchange. The sharp uptick in the stock price came after the company emerged as the lowest bidder for a project from the National Highways Authority of India (NHAI). This is the highest valued NHAI monetisation award for a 20-year concession worth Rs 9,270 crores.
The project is TOT-17 Bundle covering 366 kilometres of the Lucknow-Ayodhya-Gorakhpur Corridor on NH-27 and part of Lucknow-Varanasi Corridor on NH-731, for a Revenue Linked Concession.
“IRB Infrastructure Trust, associate of the company, regarding receipt of Letter of Award from National Highways Authority of India (NHAI) for the project of involving Tolling, Operation, Maintenance and Transfer of Lucknow-Ayodhya Section of NH-28 (New NH-27) from km 15.400 to km 137.970, Ayodhya-Gorakhpur Section (Km. 136.759 to Km. 252.860) stretch of NH-28 (New NH-27) and Lucknow-Sultanpur Section of NH-731 from Km. 90.370 to km. 217.795 in the state of Uttar Pradesh (TOT-17) (the Project),” read an exchange filing.
IRB Infrastructure Development Q2 FY26 results
A week back, the company posted a 41% increase in consolidated net profit at Rs 141 crore for Q2 FY26, compared to Rs 100 crore recorded in the same period a year ago. The total income rose to Rs 1,800 crore during the second quarter of the current fiscal year from Rs 1,752 crore a year back.
Also, the company has declared an interim dividend of 7% to the face value while announcing the financial results for Q2 FY26.
IRB Infrastructure Development stock performance
The share price of IRB Indra has risen 4% in the last five trading sessions. It has given a return of over 5% in the past one month. However, the stock has declined 11% in the previous six months and 5% in the past one year.
