IL&FS Transportation bags Rs 2,100-crore order in Gurgaon Metro

MUMBAI: IL&FS Transportation Networks Ltd today said it has won Rs 2,100-crore project in a consortium from Haryana government for expansion of Rapid Metro Rail of Gurgaon by a further 6.5 km towards southern parts of the city.

In a filing to the BSE, the company said that Haryana's Cabinet on September 28 had approved award of the Rapid Metro Rail Gurgaon South Extension to a consortium of IL&FS Transportation Networks Ltd and its subsidiary IL&FS Rail Ltd for developing the 6.5 km rail metro link extension.

"The project will be extension of the Rapid Metro Rail Gurgaon System, which is presently under development by the consortium and will run from Sikanderpur station at Bristol Chowk to sector-56 in Gurgaon with 6 stations expected to be covered in 18 minutes," it said.

The consortium is already executing a 5-km Metro rail system connecting Sikanderpur Metro station of Delhi Metro to Cyber city and NH-8 in Gurgaon. Haryana Chief Minister is scheduled to flag off the trial run of its first phase tomorrow.

"The estimated cost of the project is Rs 2,100 crore with a concession for a period of 98 years" and "is expected to be completed in 2015", the company said.

The Haryana government will provide required land for the project, which will be executed under design, build, finance, operate and transfer (DBFOT) basis, it added.

Shares of the company closed today at Rs 194.50 apiece on the BSE, up 0.49 per cent from the previous close.