IL&FS Transportation Networks jumps as its consortium bags order worth Rs 2,100 crore

01 Oct 2012

IL&FS Transportation Networks is currently trading at Rs. 197.85, up by 4.30 points or 2.22% from its previous closing of Rs. 193.55 on the BSE.

The scrip opened at Rs. 194.90 and has touched a high and low of Rs. 200.20 and Rs. 192.40 respectively. So far 34,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 224.30 on 06-Feb-2012 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. 200.20 and Rs. 179.00 respectively. The current market cap of the company is Rs. 3,843 crore.

The promoters holding in the company stood at 72.46% while Institutions and Non-Institutions held 6.89% and 20.65% respectively.

A consortium led by IL&FS Transportation Networks’ and its subsidiary IL&FS Rail has been awarded Rapid MetroRail Gurgaon South Extension project by Haryana State Cabinet. The project is for developing the 6.5 km rail Metro Link Extention from Sikanderpur Station to Sector 56, Gurgaon on design, build, finance, operate and transfer (DBFOT) basis.

The project will be extension of the Rapid MetroRail Gurgaon system, which is presently under development by the consortium and will run from Sikanderpur Station at Bristol Chowk to Sector-56 in Gurgaon with 6 stations expected to be covered in 18 minutes.

The estimated cost of the project is Rs 2,100 crore with a concession for a period of 98 years. The Government of Haryana will provide the land required for the Depot, Viaduct and Stations along road. The project is expected to be completed in the year 2015.

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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