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IL&FS Transportation rises on emerging as lowest bidder for NH-6 project

25 Jun 2015 Evaluate

IL&FS Transportation Networks is currently trading at Rs. 146.60, up by 0.60 points or 0.41% from its previous closing of Rs. 146.00 on the BSE.

The scrip opened at Rs. 146.65 and has touched a high and low of Rs. 151.75 and Rs. 145.70 respectively. So far 57,000 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. 137.25 on 16-Jun-2015.

Last one week high and low of the scrip stood at Rs. 151.75 and Rs. 141.65 respectively. The current market cap of the company is Rs. 3,616.00 crore.

The promoters holding in the company stood at 70.79% while Institutions and Non-Institutions held 8.59% and 20.62% respectively.

IL&FS Transportation Networks has emerged as the Lowest Bidder for 4-laning of Fagne - Gujarat/Maharashtra Border (Package-III) section of NH-6 in the State of Maharashtra. The company had quoted a grant of Rs 245.14 crore for the project.

The company had earlier submitted a bid with the National Highways Authority of India (NHAI) for the project from km. 510.000 to km. 650.794 on BOT (TOLL) basis on DBFOT pattern under NHDP Phase-IV. The concession for the project will be 19 years including construction period of 910 days and the estimated cost of the project is Rs 1,885.74 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 3879.00
Kalpataru Projects 1391.05
NCC 132.85
Rail Vikas Nigam 206.80
KEC International 396.95
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