India's IRB Infra gains 5% on winning large order

IRB Infrastructure Developers

20/12/2021 06:24

** Shares of infrastructure co  IRBI.NS  rise as much as 5%
to 214.10 rupees, their best intraday gain since Dec. 2
    ** Co on Friday said it emerged as the winning bidder for an
expressway project in northern state, Uttar Pradesh  urn:newsml:reuters.com:*:nFWN2T207H
    ** Co said the estimated project cost was 65.55 billion
rupees ($862.39 million)
    ** IRBI said total order book of co now stands at 192.10 bln
rupees
    ** About 1.7 mln shares change hands vs 30-day avg of 1.5
mln shares
    ** IRBI is among a few gainers on Monday with broader market
seeing sharp selloff with the bluechip Nifty 50  .NSEI  down
2.5% 
    ** Co shares up 72% this year as of last close


($1 = 76.0100 Indian rupees)

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
nallur.sethuraman.thomsonreuters.com@reuters.net))