Concession agreement signed with Govt. of Jharkhand
IL&FS Transportation Networks announced that the Concession Agreement for development of 6 laning of Ranchi Ring Road, Section VII from Kathitanr to Karma comprising of 23.575 Kms has been signed by Jharkhand Infrastructure Implementation Co, a subsidiary of the Company with Govt of Jharkhand on a Built Operate Transfer (BOT) basis ("the Project") on 07 August 2015.The Project is on Annuity basis with a Concession Period of 17.5 years including Construction Period of 2.5 years. The estimated cost of the Project is Rs 587.60 crore. The Company shall receive annuity of Rs 111.64 crore per annum upon completion of the Project.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app