IL&FS Transportation shines on emerging lowest bidder for NHAI project

07 Mar 2012

IL&FS Transportation Networks is currently trading at Rs. 189.00, up by 2.00 points or 1.07% from its previous closing of Rs. 187.00 on the BSE.

The scrip opened at Rs. 189.45 and has touched a high and low of Rs. 191.00 and Rs. 189.00 respectively. So far 1,294 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 256.65 on 04-Apr-2011 and a 52 week low of Rs. 143.10 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 196.85 and Rs. 183.30 respectively. The current market cap of the company is Rs. 3,671.00 crore.

The promoters holding in the company stood at 71.20% while Institutions and Non-Institutions held 6.82% and 21.98% respectively.

IL&FS Transportation Networks has emerged as the lowest bidder for the construction of new bridges/structures, repair of existing four lane highway from Kharagpur to Baleshwar section. The project is on toll basis with a concession period of 24 years including construction period of 2.5 years and the estimated cost of the project is Rs. 471.05 crore.

Earlier, the company had submitted its bid with the National Highways Authority of India (NHAI) for construction of new bridges/structures, repair of existing four lane highway from Kharagpur to Baleshwar section of NH-60 from Km 0.000 to Km 119.300 in the State of Orissa and West Bengal and its operation and maintenance under NHDP Phase I to be executed as BOT (Toll) on DBFOT Pattern.

Further the Company also informed that the bids were opened by NHAI and the Company has emerged as the Lowest Bidder for the aforesaid Project.

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.

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