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IL&FS Transportation gets 2 orders worth Rs 4,174 cr from NHAI

IL&FS Transportation Networks

New Delhi:  Infrastructure company IL&FS Transportation Networks today said its subsidiaries have signed two agreements with NHAI worth Rs 4,173.92 crore for four-laning two sections of NH-6 in Maharashtra.

“The concession agreement for development of 4-laning of Fagne-Gujarat/Maharashtra Border (Package-III) section of NH-6 in the State of Maharashtra from 510 km to 650.79 km has been signed by Fagne Songadh Expressway Ltd, a wholly-owned subsidiary of the company with National Highways Authority of India (NHAI),” IL&FS Transportation said in a BSE filing.

It further said: “The concession agreement for development of 4-laning of Amravati-Chikhli (Package-I) section of NH-6 in the state of Maharashtra from 166 km to 360 km has been signed by Amravati Chikli Expressway Ltd, a wholly-owned subsidiary of the company with National Highways Authority of India.”.
IL&FS Transportation Networks Ltd said the estimated cost of the projects are Rs 1,885.74 crore and Rs 2,288.18, crore respectively.

Both the projects were signed on September 08, 2015 on Build Operate Transfer basis (BOT) basis and the projects are on toll basis with a concession period of 19 years including construction period of 910 days.

IL&FS Transportation Networks Ltd Shares were trading at Rs 92.35, up 4.76 per cent from previous close on BSE.

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