IL&FS Transportation Networks rises on achieving financial tie-up of loans worth Rs 47.15 crore

21 Nov 2012

IL&FS Transportation Networks is currently trading at Rs. 185.40, up by 1.05 points or 0.57% from its previous closing of Rs. 184.35 on the BSE.

The scrip opened at Rs. 187.00 and has touched a high and low of Rs. 187.00 and Rs. 183.80 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. 193.00 and Rs. 182.70 respectively. The current market cap of the company is Rs. 3601 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 achieved financial tie-up of loans for a sum of Rs 47.15 crore on November 16, 2012. The company has executed loan agreements with Central Bank of India for the same.  Earlier, the company and its subsidiary, Futurcage Infrastructure India had been mandated with the project for undertaking the development of an Integrated Multi level Automatic Car Parking facility and real estate portion of approx 4944 sq. meters at Khilwat, Hyderabad by the Greater Hyderabad Municipal Corporation (GHMC), Hyderabad.

The concession agreement was signed on May 25, 2012 for a period of 30 years including construction period of 2 years. The estimated cost of the Project is Rs 72.54 crore and the revenue to the project shall accrue from parking fee and leasing of retail space during the concession period.

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