Shares of IRB Infrastructure Developers Ltd (IRB) today gained 1.7 per cent as the integrated development and construction company has achieves financial closure for Rs 3,177 crore Yedeshi-Aurangabad tollway project
Proceeds from the tollway can now be recognised as construction revenue, say analysts.
The company’s projects awaiting financial closure include Kaithal-Rajasthan border, Mumbai-Pune II.