IL&FS Transportation Networks - Hazaribagh - Ranchi section of NH-33 from km 40.500 to 114.00 in the State of Jharkhand (“the Project”) being implemented by the subsidiary of the company has been issued a Provisional Completion Certificate by the Competent Authority effective September 15, 2012.
The Project has been commissioned 134 days ahead of Scheduled Project Completion Date i.e. January 27, 2013. The company shall receive from NIIAI, a semi-annual annuity of Rs 64.08 crore for a period of 15.5 years effective September 15, 2012. In addition, the company shall also receive a one-time Bonus Annuity of Rs 47.70 crore for early completion of the 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.