MoneyWorks4Me

IL&FS Transportation Networks informs about update on bid submitted to NHAI

27 Jul 2015 Evaluate

IL&FS Transportation Networks has informed that the Company had submitted a Bid with the National Highways Authority of India (‘NHAI’) for 4-laning of Amravati-Chikhli (Package-I) section of NH-6 in the state of Maharashtra from Km. 166.000 to Km. 360.000 on BOT (TOLL) basis on DBFOT pattern under NHDP Phase-IV (the ‘Project’). The concession period for the Project will be 19 years including construction period of 910 days and the estimated cost of the Project is Rs. 2,288.18 Crores. Further, the Company has been awarded the Project through issuance of a Letter of Award dated July 24, 2015 by NHAI. The Company had quoted a grant of Rs. 183.05 Crores for Project.

The above information is a part of company’s filings submitted to BSE.

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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