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IL&FS Transportation Networks shines as its JV receives completion certificate from APRDC

07 Jan 2014

IL&FS Transportation Networks is currently trading at Rs. 138.80, up by 0.40 points or 0.29% from its previous closing of Rs. 138.40 on the BSE.

The scrip opened at Rs. 138.40 and has touched a high and low of Rs. 140.50 and Rs. 138.20 respectively. So far 3416 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. 145.90 and Rs. 135.50 respectively. The current market cap of the company is Rs. 2,696 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’ Joint Venture (JV) has received Provisional Completion Certificate from Andhra Pradesh Road Development Corporation (APRDC) for project of Four Laning of Narketpally - Addanki - Medarametla Road (SH-2) from km 0.000 to km 212.500 in the State of Andhra Pradesh. The Project is on toll basis with a concession period of 24 years including two and half years of construction period.

The Project was awarded to the Joint Venture of IL&FS Transportation and Ramky Infrastructure in the ratio of 50:50 by the Andhra Pradesh Road Development Corporation.

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