IL&FS Transportation Networks is currently trading at Rs. 146.50, down by 2.20 points or 1.48% from its previous closing of Rs. 148.70 on the BSE.
The scrip opened at Rs. 147.50 and has touched a high and low of Rs. 148.00 and Rs. 145.50 respectively. So far 11684 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 257.00 on 21-Jul-2014 and a 52 week low of Rs. 142.00 on 08-Jun-2015.
Last one week high and low of the scrip stood at Rs. 162.20 and Rs. 142.00 respectively. The current market cap of the company is Rs. 3641.59 crore.
The promoters holding in the company stood at 70.79 % while Institutions and Non-Institutions held 8.59 % and 20.62 % respectively.
Warora Chandrapur Ballarpur Toll Road (WCBTRL) an Associate of IL&FS Transportation Networks with an equity stake of 35%, has received directions from the Government of Maharashtra to exempt Light Motor Vehicles and MSRTC buses from paying toll passing through the road stretch. The shortfall of toll revenue due to the above notification will be compensated by the Government of Maharashtra in due course.
Further, the revenues of WCBTRL are accounted through ‘Associate method’ due to minority stake held by the company in the WCBTRL. The Consolidated Financial Statements of the Company do not include line by line Profit & Loss numbers of WCBTRL but rather include only profit or loss pertaining to the Company's shareholding in WCBTRL.
The above referred notification will not have any impact on the consolidated financial results of the company.
