 "IL&FS Transport lowest bidder for Rs 315-cr road projects in MP")
"The company along with its wholly-owned subsidiary, Elsamex SA was declared as the lowest bidder in the bids submitted to Madhya Pradesh Road Development Corporation Ltd for upgradation of two road projects," it said in a filing to the BSE.
"The upgradation cost of the projects is Rs 315 crore," ILFS Transportation said.
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The Authority will additionally pay a sum of Rs 13.06 crore towards maintenance of the projects over a period of 5 years, it added.
The projects have been undertaken by the Madhya Pradesh government under a loan secured from the Asian Development Bank.
Shares of IL&FS Transportation Network were trading at Rs 160.40 at 1350 hrs, up 1.42 per cent from previous close on BSE.
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