IL&FS Transportation jumps on emerging lowest bidder for Khed -Sinnar project

25 Mar 2013

IL&FS Transportation is currently trading at Rs. 183.95, up by 3.00 points or 1.66% from its previous closing of Rs. 180.95 on the BSE.

The scrip opened at Rs. 182.50 and has touched a high and low of Rs. 184.90 and Rs. 178.40 respectively. So far 3,870 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 on 09-Jan-2013 and a 52 week low of Rs. 156.60 on 13-Sep-2012.

Last one week high and low of the scrip stood at Rs. 198.00 and Rs. 177.25 respectively. The current market cap of the company is Rs. 3,573 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 Khed -Sinnar project after the bids were opened on March 22, 2013 by National Highways Authority of India (NHAI). The company had earlier submitted a bid with NHAI for Four Laning of Khed -Sinnar Section of NH-50 from Km 42.000 to Km 177.000 (Design Length - 137.946 Km) Under Phase IV B in the State of Maharashtra 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 1348.20 crore. The Company has quoted a grant of Rs. 296.60 Crores for Project.

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.

Related IL&FS Transportation Networks Ltd. Links:

IL&FS Trans &Network Share Price

5.39 -0.28 (-4.94%) Jan 21, 18:01
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