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IL&FS Transportation moves up on inking MoU with NHIDCL for construction of Zojila tunnel

29 Jan 2018

IL&FS Transportation Networks is currently trading at Rs. 80.70, up by 0.20 points or 0.25% from its previous closing of Rs. 80.50 on the BSE.

The scrip opened at Rs. 80.15 and has touched a high and low of Rs. 81.90 and Rs. 80.10 respectively. So far 33668 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 124.20 on 11-May-2017 and a 52 week low of Rs. 70.00 on 28-Sep-2017.

Last one week high and low of the scrip stood at Rs. 84.90 and Rs. 80.00 respectively. The current market cap of the company is Rs. 2676.09 crore.

The promoters holding in the company stood at 73.22%, while Institutions and Non-Institutions held 5.25% and 21.54% respectively.

IL&FS Transportation Networks has inked a Memorandum of Understanding (MoU) with National Highways and Infrastructure Development Corporation (NHIDCL) under the Ministry of Road Transport & Highways, for construction of the 14.150 km long, 2-lane bi-directional Zojila Tunnel in Jammu & Kashmir.

The construction of this tunnel will provide all weather connectivity between Srinagar, Kargil and Leh and will bring about all round economic and socio-cultural integration of these regions. The total capital cost of the project is Rs 6,808.69 crore.

IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The company is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance under public to private partnership on build-operate-transfer (BOT) basis.

Related IL&FS Transportation Networks Ltd. Links:

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Puchho Befikar
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