IL&FS Transportation Networks gains as its arm inaugurates Adityapur-Kandra Road

03 Jan 2013

IL&FS Transportation Networks is currently trading at Rs. 206.65, up by 1.70 points or 0.83% from its previous closing of Rs. 204.95 on the BSE.

The scrip opened at Rs. 207.40 and has touched a high and low of Rs. 209.50 and Rs. 205.00 respectively. So far 13,000 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. 150.05 on 04-Jan-2012.

Last one week high and low of the scrip stood at Rs. 211.60 and Rs. 197.15 respectively. The current market cap of the company is Rs. 4,014 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 inaugurated the Adityapur-Kandra Road and dedicated it to the public with effective from January 01, 2013. The Chief Minister of Jharkhand has inaugurated the road. The length of the road is 15.10 km with a four lane divided carriageway. The Government of Jharkhand will pay a semi-annual annuity of Rs 22.91 crore for the Operation & Maintenance (O&M) period of 15 years.

Adityapur-Kandra Road is part of the Jharkhand Accelerated Road Development Programme of the Government of Jharkhand being implemented by Jharkhand Road Project Implementation Company.

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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