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MUMBAI: Shares of IRB Infrastructure Developers jumped 16.3% on Wednesday after the company acquired a unanimous arbitral award of ₹73.86 crore for one in every of its earlier tasks in Punjab.
At 12:20 pm, IRB Infrastructure was at ₹137.40, up 15.6% from its earlier shut, whereas the benchmark index, Sensex gained 0.40% to 38688.39.
Last month, the personal roads and highways infrastructure developer had emerged as the popular bidder for executing a stretch of the upcoming Vadodara-Mumbai Expressway at a value of ₹1,755 crore in Gujarat. The undertaking is to be executed on hybrid annuity mode (HAM).
Since the start of the 12 months, IRB Infrastructure has gained 83% in opposition to a fall of 6% in thSensex. From the March lows, shares of IRB Infra almost trppled whereas Sensex was up 47%.
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