IL&FS Transportation rises as its arm implements Ranchi-Patratu Dam road project

23 Nov 2012

IL&FS Transportation Networks is currently trading at Rs. 185.40, up by 0.50 points or 0.27% from its previous closing of Rs. 184.90 on the BSE.

The scrip opened at Rs. 185.15 and has touched a high and low of Rs. 186.15 and Rs. 185.15 respectively. So far 15 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. 193.00 and Rs. 181.00 respectively. The current market cap of the company is Rs. 3592.01 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’ subsidiary Jharkhand Road Project Implementation Company has implemented the Ranchi-Patratu Dam Road, a part of the Jharkhand accelerated road development programme of the Government of Jharkhand. The said programme was inaugurated by the Chief Minister of Jharkhand and dedicated to the public effective November 21, 2012.

The length of the road is 35.27 km consisting of 16.60 km of four lanes and 18.27 km of two lanes with paved shoulder. The Government of Jharkhand will pay a semi-annual annuity of Rs. 25.06 crores for the O&M period of 15 years.

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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