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IL&FS Transportation soars on emerging as the lowest bidder for highways development projects in Kerala

07 Apr 2014 Evaluate

IL&FS Transportation Networks is currently trading at Rs. 130.50, up by 4.45 points or 3.53% from its previous closing of Rs. 126.05 on the BSE.

The scrip opened at Rs. 129.45 and has touched a high and low of Rs. 130.95 and Rs. 128.00 respectively. So far 14109 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 191.50 on 08-Apr-2013 and a 52 week low of Rs. 93.69 on 19-Sep-2013.

Last one week high and low of the scrip stood at Rs. 130.95 and Rs. 115.20 respectively. The current market cap of the company is Rs. 2515.77 crore.

The promoters holding in the company stood at 72.46% while Institutions and Non-Institutions held 7.83% and 19.71% respectively.

IL&FS Transportation Networks has emerged as the lowest bidder for the bids submitted with Road Infrastructure Company Kerala (RICKL). The company had quoted an Annuity (fixed semi-annual payment) of Rs 35.35 crore for project IIIA and Rs 44.50 crore for project IIIB.

The company had submitted bids with RICKL for Rehabilitation of State Highways and Major District Roads - Package III (A) Southern Region Total 96.72 Km and Rehabilitation of State Highways and Major District Roads - Package III (B) Southern Region Total 97.54 Km in the state of Kerala under DBFMT on Annuity basis. The projects are on Annuity (fixed semi-annual payment) basis with a concession period of 15 years including construction period of 730 days and the estimated cost of the project IIIA is Rs 121.44 crore and project IIIB is Rs 168.16 crore.

IL&FS Transportation Networks has been involved in the development, operation and maintenance of national and state highways, roads (including urban roads), flyovers and bridges in Andhra Pradesh, Delhi, Gujarat, Maharashtra, Karnataka, Uttar Pradesh, Kerala, Jharkhand and Rajasthan.

 

Peers
Company Name CMP
Larsen & Toubro 3860.00
Kalpataru Projects 1393.85
NCC 132.90
Rail Vikas Nigam 206.35
KEC International 393.35
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