IL&FS Transportation edge higher on inking agreement with NHAI

24 Apr 2012

IL&FS Transportation Networks is currently trading at Rs 191.20, up by 0.70 points or 0.37% from its previous closing of Rs 190.50 on the BSE.

The scrip opened at Rs 187.90 and has touched a high and low of Rs 191.90 and Rs 186.15 respectively. So far 9078 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 230.50 on 19-Jul-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 196.15 and Rs 186.15 respectively. The current market cap of the company is Rs 3708.57 crore.

The promoters holding in the company stood at 72.46% while Institutions and Non-Institutions held 6.98% and 20.56% respectively.

IL&FS Transportation Networks has inked concession agreement with 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. The project, which is on toll basis, is with a concession period of 24 years including the construction period of 2.5 years, with an estimated cost of Rs 471.05 crore.

IL&FS Transportation Networks has been involved in the deveopment, 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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