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IL&FS Transportation strengthens on plan to sell operational road projects

07 Sep 2015 Evaluate

IL&FS Transportation Networks is currently trading at Rs. 90.00, up by 2.05 points or 2.33% from its previous closing of Rs. 87.95 on the BSE.

The scrip opened at Rs. 87.80 and has touched a high and low of Rs. 90.75 and Rs. 87.80 respectively. So far 7308 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 229.10 on 02-Mar-2015 and a 52 week low of Rs. 87.05 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 100.50 and Rs. 87.30 respectively. The current market cap of the company is Rs. 2236.52 crore.

The promoters holding in the company stood at 70.79% while Institutions and Non-Institutions held 10.16% and 19.05% respectively.

In a bid to reduce debt levels, IL&FS Transportation Networks (ITNL) is reportedly planning to sell most of its operational annuity road projects. Annuity-based projects are the ones where the developer is reimbursed the cost of building a particular road project and gets a return on investment every six months after starting commercial operations. The company has appointed a financial adviser to monetize some assets before the end of FY16 and has received early interest from a few buyers.

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.

IL&FS Trans &Network Share Price

2.68 0.05 (1.90%)
20-Apr-2026 09:58 View Price Chart
Peers
Company Name CMP
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