IL&FS Transportation Networks shines as its JV receives road contract worth $216.7 million

21 Feb 2014

IL&FS Transportation Networks is currently trading at Rs. 106.45, up by 2.25 points or 2.16% from its previous closing of Rs. 104.20 on the BSE.

The scrip opened at Rs. 106.50 and has touched a high and low of Rs. 109.90 and Rs. 104.20 respectively. So far 21799 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 206.25 on 06-Mar-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. 110.15 and Rs. 103.55 respectively. The current market cap of the company is Rs. 2078.66 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 in Joint Venture (JV) with Elsamex SA, wholly owned subsidiary of the Company in Spain has received a contract from Roads Department Ministry of Transport and Communications, Republic of Botswana under Output and Performance Based Road Contracts system (OPRC) for a period of 10 years effective February 19, 2014. The total length of the road to be maintained for the contract is 267.4 kms for a total value of $216.7 million (approximately Rs 1,348.52 crore), which are being financed by the World Bank.

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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IL&FS Trans &Network Share Price

2.28 -0.11 (-4.60%) Nov 15, 11:03
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Company Name CMP
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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