IL&FS Transportation Networks is currently trading at Rs. 25.55, up by 0.50 points or 2.00%, from its previous closing of Rs. 25.05 on the BSE.
The scrip opened at Rs. 26.70 and has touched a high and low of Rs. 27.40 and Rs. 25.50 respectively. So far 150768 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 97.35 on 04-Jan-2018 and a 52 week low of Rs. 21.70 on 17-Sep-2018.
Last one week high and low of the scrip stood at Rs. 28.00 and Rs. 21.70 respectively. The current market cap of the company is Rs. 852.01 crore.
The promoters holding in the company stood at 73.22%, while Institutions and Non-Institutions held 5.44% and 21.34% respectively.
IL&FS Transportation Networks’ subsidiary -- Moradabad Bareilly Expressway (MBEL) -- has signed a settlement agreement on various claims filed against the National Highways Authority of India (NHAI) in relation to the work of development, maintenance and management of a highway from Moradabad to Bareilly in the State of Uttar Pradesh (the Project).
Pursuant to the Settlement, MBEL will be paid a claim compensation of Rs 425 crore by NHAI for the losses suffered by it on account of the cost overrun for development of the Project. The Settlement Agreement is not subject to any appeal by NHAI and the disbursement of the compensation amount will be effected by NHAI in due course.
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.
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