IL&FS Transportation Networks Ltd has informed BSE

IL&FS Transportation Networks Ltd has informed BSE that the Company had emerged as a lowest bidder for the bid submitted in consortium with Spanco Ltd, (where, ITNL will hold 51% and Spanco will hold 49% of total equity capital) with the M P Road Development Corporation Ltd ("MPRDC") for Up-gradation, Modernization, Development, Operation and Maintenance of 24 Border Check Posts across the state of Madhya Pradesh on BOT basis (the "Project"). The Project is fee based with a Concession period of 4566 days and the estimated cost of the Project is Rs. 1094 Crores

Further, the Company has inform that Company has received a Letter of Award from MPRDC for the aforesaid Project.

Read more about: il, networks, rupees
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