IL&FS Transportation rises on inking financial tie-up for Rs 396 crore

18 Oct 2012

IL&FS Transportation Networks is currently trading at Rs. 184.40, up by 2.15 points or 1.18% from its previous closing of Rs. 182.25 on the BSE.

The scrip opened at Rs. 185.00 and has touched a high and low of Rs. 185.00 and Rs. 184.40 respectively.

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. 192.20 and Rs. 179.05 respectively. The current market cap of the company is Rs. 3,582.00 crore.

The promoters holding in the company stood at 72.46% while Institutions and Non-Institutions held 6.51% and 21.03% respectively.

IL&FS Transportation Networks has entered into financial tie-up of loans aggregating to Rs 396 crore with State Bank of Patiala and other Senior Lenders. The company has executed the loan agreements for the project which company won from NHAI for construction of new bridges/structure, repair of existing four Ianning road from Km 0.000 to km 119.300 on the Baleshwar Kharagpur Section of National Highway No 60 (NH-60) in the State of Orissa and West Bengal under NHDP Phase I on DBFOT Toll basis

The company signed the concession agreement with National Highways Authority of India (NHAI) on April 24, 2012 for a period of 24 years including construction period of 2.5 years and the estimated cost of the Project is Rs 660 crore.

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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