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IL&FS Transportation Networks achieves financial tie-up, loan agreement worth Rs 400 crore

24 Dec 2012 Evaluate

IL&FS Transportation Networks has achieved financial tie- up and loan agreement for sum of Rs 400 crore with consortium of Central bank of India, Punjab & Sind Bank, Allahabad Bank and Oriental Bank of Commerce with Central Bank of India acting as a Lead Bank.

Earlier, the Concession Agreement was signed on June 29, 2012 between the Government of Rajasthan Public work Department ( on behalf of Ministry of Road Transport & High ways Government of India ) and Sikar Bikaner Highways the Special Purpose vehicle incorporated as a wholly owned subsidiary of the company for undertaking the Development and Operation of Sikar- Bikaner Section from Km 340.188 of NH-11 to Km 557.775 of NH -11 via Sikar - Bypass and Bikaner Bypass from Km 553.869 of NH -11 to Km 267.325 of NH -89 by Two Laning with paved shoulder in the State of Rajasthan ( the’ project’ ) on Design, Build FinanceOperate and Transfer( DBFOT) basis.

The project is on toll basis with a concession period of 25 years including construction period of 2 years and the estimated cost of the Project by the Authority is Rs 1650.84 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.

IL&FS Trans &Network Share Price

2.63 0.08 (3.14%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
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