IL&FS Transportation shines on emerging lowest bidder for Barwa-Adda-Panagarh project

13 Feb 2013

IL&FS Transportation Networks is currently trading at Rs. 197.55, up by 2.15 points or 1.10% from its previous closing of Rs. 195.40 on the BSE.

The scrip opened at Rs. 196.85 and has touched a high and low of Rs. 200.00 and Rs. 194.25 respectively. So far 3,128 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 227.00 and a 52 week low of Rs. 156.60. The current market cap of the company is Rs. 3,837.00 crore.

The promoters holding in the company stood at 72.46% while Institutions and Non-Institutions held 7.00% and 20.54% respectively.

IL&FS Transportation Networks has emerged as the lowest bidder for Barwa-Adda-Panagarh project after the bids were opened on February 11, 2013 by National Highways Authority of India (NHAI). The company had earlier submitted a bid with NHAI for six-laning of Barwa-Adda-Panagarh section of NH-2 from km 398.240 to km 521.120 including Panagarh bypass in the states of Jharkhand and West Bengal under NHDP Phase V to be executed on DBFOT basis.

The project is on toll basis with a concession period of 20 years including construction period of 910 days. The estimated cost of the project is Rs 1,665 crore. The company had quoted a premium of Rs 42.00 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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