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IL&FS Transportation surges as its arm inks MoU with East Nippon Expressway

28 Jun 2013 Evaluate

IL&FS Transportation Networks is currently trading at Rs. 146.05, up by 2.50 points or 1.74% from its previous closing of Rs. 143.55 on the BSE.

The scrip opened at Rs. 144.90 and has touched a high and low of Rs. 147.55 and Rs. 144.60 respectively. So far 2,957 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. 142.10 on 27-Jun-2013.

Last one week high and low of the scrip stood at Rs. 167.90 and Rs. 142.10 respectively. The current market cap of the company is Rs. 2,837 crore.

The promoters holding in the company stood at 72.46%, while Institutions and Non-Institutions held 7.54% and 20.00% respectively.

IL&FS Transportation Networks (ITNL), the largest Owner of BOT roads in India and a subsidiary of the leading infrastructure developer, Infrastructure Leasing and Financial Services (IL&FS) has signed a Memorandum of Understanding (MoU) with East Nippon Expressway Company  (NEXCO East), the leading Japanese Expressway Construction and Operation Company. ITNL Group currently manages over 34,000 lane kms of highways of which about 12,000 are in India

NEXCO East, since its establishment in October 2005, manages and constructs expressways in eastern Japan.  As of date, NEXCO East manages approximately 3,720 kms of expressways, which are used by approximately 2.7 million customers every day with toll revenue of close to $7 billion /annum in 2012. Further, about 280 kms of expressway is currently under construction by NEXCO East

The partners to the MoU believe that the Market for expressways in the country is on verge of take off and will become a large programme and hence wish to work together through a strategic alliance for implementation of PPP road projects. The alliance aims at utilizing Japanese technology as well as Japanese finance; both companies will jointly carry out technical and prefeasibility studies, and other related works, of potential road projects in India for implementation

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
View more..

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