IL&FS Transportation shines as its arm to commercially operate Indore - Icchapur Border Check Post

18 Nov 2013

IL&FS Transportation is currently trading at Rs. 118.40, up by 5.90 points or 5.24% from its previous closing of Rs. 112.50 on the BSE.

The scrip opened at Rs. 115.90 and has touched a high and low of Rs. 118.45 and Rs. 115.00 respectively. So far 12,000 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. 124.50 and Rs. 109.35 respectively. The current market cap of the company is Rs. 2,299 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 Checkpost Development Company has been issued Provisional Completion Certificate to commercially operate the Indore - Icchapur Border Check Post with effect from November 17, 2013. The company has been mandated the development of 24 Border Check Posts by the M P Road Development Corporation. The project is fee based with a concession period of 12 1/2 years.

This is in addition to the existing 4 numbers of Border Checkposts already in operation at: Agra - Mumbai, Indore - Ahmedabad, Shivpuri - Kota and Betul Nagpur for which provisional completion certificate has been issued and in operation as of date.

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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