IL&FS Transportation Networks shines as its arm to commercially operate Betul - Nagpur Border Check Post

22 Oct 2013

IL&FS Transportation Networks is currently trading at Rs. 112.30, up by 3.15 points or 2.89% from its previous closing of Rs. 109.15 on the BSE.

The scrip opened at Rs. 109.70 and has touched a high and low of Rs. 114.00 and Rs. 109.15 respectively. So far 3,944 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. 98.10 on 19-Sep-2013.

Last one week high and low of the scrip stood at Rs. 115.50 and Rs. 107.40 respectively. The current market cap of the company is Rs. 2,187 crore.

The promoters holding in the company stood at 72.46% while Institutions and Non-Institutions held 6.43% and 21.11% respectively.

IL&FS Transportation Networks’ subsidiary - MP Border Check Post Development Company, has been issued Provisional Completion Certificate to commercially operate the Betul - Nagpur Border Check Post with effect from October 21, 2013. MP Border Check Post Development Company had been mandated the development of 24 Border Check Posts by the MP Road Development Corporation.

This is in addition to the existing three Border Check posts already in operation at Agra - Mumbai, Indore - Ahmedabad and Shivpuri - Kota for which Provisional Completion Certificate has been issued and in operation as of date. The project is fee based, with a Concession period of 12 1/2 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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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