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IL&FS Transportation shines as its arm inks agreement for development of multi-level car parking

23 Jan 2014 Evaluate

IL&FS Transportation is currently trading at Rs. 125.00, up by 1.45 points or 1.17% from its previous closing of Rs. 123.75 on the BSE.

The scrip opened at Rs. 124.00 and has touched a high and low of Rs. 126.00 and Rs. 124.00 respectively. So far 11,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 210.85 on 23-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. 133.20 and Rs. 121.55 respectively. The current market cap of the company is Rs. 2,432 crore.

The promoters holding in the company stood at 72.46% while Institutions and Non-Institutions held 7.83% and 19.71% respectively.

IL&FS Transportation Networks’ wholly owned subsidiary - GIFT Parking Facilities has inked a concession agreement on January 22, 2014 with Gujarat International Finance Tec-City Company for development of a multi-level car parking at GIFT City, Gandhinagar in state of Gujarat on BOOT Basis.

The project involves Design, Development, Finance, Construction, Operation and Maintenance of Multi Level Car parking with a capacity of approximately 5400 Car Parking Spaces comprising of 16 floors including retail space at the Ground Floor for a period of 30 years. The total project cost is approximately Rs 350 crore.

The concession allows the right to allocate 80% of total parking spaces to the lessee/developers of various buildings in the GIFT City for parking use at a mutually agreed price and the remaining 20% of parking spaces shall be made available as a paid parking facility to the visitors to the GIFT City. The revenue shall also be generated from leasing of retail space.

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
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