IL&FS Transportation surges on receiving completion certificate for Pune-Solapur Road Project

26 Aug 2013

IL&FS Transportation Networks is currently trading at Rs. 121.50, up by 1.40 points or 1.17% from its previous closing of Rs. 120.10 on the BSE.

The scrip opened at Rs. 120.00 and has touched a high and low of Rs. 124.90 and Rs. 118.00 respectively. So far 3986 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. 108.00 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 126.00 and Rs. 112.00 respectively. The current market cap of the company is Rs. 2329.27 crore.

The promoters holding in the company stood at 72.46% while Institutions and Non-Institutions held 7.14% and 20.40% respectively.

IL&FS Transportation Networks has been issued a Provisional Completion Certificate by National Highways Authority of India (NHAI) on August 23, 2013 for the Pune-Solapur Road Project which was awarded to the company on DBFOT (Toll) basis. The project was for Completion of 4 Laning of Pune - Solapur section of NH - 9 from Km 144.400 to km 249.000 in the state of Maharashtra under NHDP phase III.

The company has commissioned the project 145 days ahead of scheduled project completion date. The project is on toll basis with a concession period of 19 years and 295 days comprising of Tolling and Operations & Management period of 18 years.

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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