IL&FS Transportation bags Rs 2,288.18 cr project from NHAI

Contract is for four-laning of Amravati-Chikhli section of NH-6 in Maharashtra

<a href="http://thumb7.shutterstock.com/display_pic_with_logo/1585109/176651195/stock-photo-open-road-in-countryside-of-india-176651195.jpg>Image</a> via Shutterstock
Press Trust of India New Delhi
Last Updated : Jul 27 2015 | 12:40 PM IST
IL&FS Transportation Networks Ltd today said it has bagged Rs 2,288.18-crore worth project from NHAI for four-laning of Amravati-Chikhli section of NH-6 in the state of Maharashtra.

"The company has been awarded the project through issuance of a letter of award dated July 24, 2015 by NHAI. The company had quoted a grant of Rs 183.05 crore for project," IL&FS Transportation Networks Ltd said in a BSE filing.

ALSO READ: IL&FS Transportation Q4 net profit falls 34% at Rs 78 cr

It further said: "The concession period for the project will be 19 years including construction period of 910 days and the estimated cost of the project is Rs 2,288.18 crore"

The company said it had submitted a bid with the National Highways Authority of India (NHAI) for four-laning of Amravati-Chikhli (Package-I) section of NH-6 in the state of Maharashtra from Km 166.000 to Km 360.000 on BOT (toll) basis on DBFOT pattern under NHDP Phase-IV.

The company's shares were trading 1.32 per cent up at Rs 149.50 in the morning trade on BSE.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Jul 27 2015 | 11:57 AM IST

Next Story