IL&FS Transportation advances on receiving PCC for Warud - Mulati Checkpost

IL&FS Transportation is currently trading at Rs. 68.80, up by 1.30 points or 1.93% from its previous closing of Rs. 67.50 on the BSE.

The scrip opened at Rs. 68.50 and has touched a high and low of Rs. 69.80 and Rs. 68.00 respectively. So far 30358 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 223.48 on 02-Mar-2015 and a 52 week low of Rs. 65.00 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 72.00 and Rs. 65.00 respectively. The current market cap of the company is Rs. 2269.82 crore.

The promoters holding in the company stood at 73.22% while Institutions and Non-Institutions held 9.40% and 17.39% respectively

MP Border Checkpost Development Company, a subsidiary of IL&FS Transportation Networks, which had been mandated the development of 24 Border Checkposts by the MP Road Development Corporation  has been issued Provisional Completion Certificate (PCC) to commercially operate one more checkpost namely, Warud - Mulati Checkpost with effect from February 20, 2016 . The Project is fee based with a concession period of 12 and half years. 

This is in addition to the existing 2 central control facility at Gwalior and Indore and the 18 Border Checkposts already in operation at Agra - Mumbai, Indore - Ahmedabad, Shivpuri - Kota, Betul - Nagpur, Indore - lcchapur, Mhow - Neemuch, Jabalpur - Jaipur, Seoni - Nagpur, Chindwara - Nagpur, Kabir -chabutra, Sagar - Kanpur, Ujjain - Jhalawar, Sendhwa - Khetiya, Venkatnagar, Naugaon - Jhansi, Sagar - Lalitpur, Balaghat - Gondia and Rewa - Mirazpur. 

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.