IL&FS Transportation bags NHAI project

MUMBAI: Surface transportation infrastructure company IL&FS Transportation Networks has bagged a road project from National Highways Authority of India in West Bengal and Odisha estimated to cost about Rs 471.05 crore.

"The project is on toll basis with a concession period of 24 years including construction period of 2.5 years and the estimated cost of the project is Rs 471.05 crore. The company has now received a Letter of Award from NHAI for the aforesaid project," the company said in a filing to the BSE.

The project is for construction of new bridges, structures and repair of the National Highway (NH-60) stretch between West Bengal and Odisha, it added.

Besides, the project also involves operations and maintenance of the existing four-lane highway under National Highways Development Programme phase-I from Kharagpur in West Bengal to Baleshwar in Odisha.

Shares of the company closed at Rs 195.30 apiece on the BSE, up 1.88 per cent from the previous close.