Oct 29, 2013, 09.17 PM IST
IRB Infrastructure Developers commenced toll collection on the project (Integrated Rural Development Programme Kolhapur BOT (Build-operate-transfer)) effective from October 17.
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IRB Infra commences toll collection on Kolhapur highway
IRB Infrastructure Developers commenced toll collection on the project (Integrated Rural Development Programme Kolhapur BOT (Build-operate-transfer)) effective from October 17.
Like this story, share it with millions of investors on M3
IRB Infra commences toll collection on Kolhapur highway
IRB Infrastructure Developers commenced toll collection on the project (Integrated Rural Development Programme Kolhapur BOT (Build-operate-transfer)) effective from October 17.
"IRB Kolhapur Integrated Road Development Co Pvt Ltd, wholly-owned SPV (Special Purpose Vehicle) of the company, has commenced toll collection on the project (Integrated Rural Development Programme Kolhapur BOT (Build-operate-transfer)) effective from October 17," IRB Infrastructure Developers Ltd said in a BSE filing.
The company said that "subsequent to withdrawal of suspension on toll notification by the State of Maharashtra and pursuant to the directions of the Honourable Bombay High Court to the State of Maharashtra to provide police protection to each of the toll plaza of the Project," it has commenced the toll collection on the project.
On October 29, 2013, IRB Infrastructure Developers closed at Rs 77.10, up Rs 3.55, or 4.83 percent. The 52-week high of the share was Rs 146.95 and the 52-week low was Rs 51.90.
The company's trailing 12-month (TTM) EPS was at Rs 5.31 per share as per the quarter ended June 2013. The stock's price-to-earnings (P/E) ratio was 14.52. The latest book value of the company is Rs 47.28 per share. At current value, the price-to-book value of the company was 1.63.
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