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IL&FS Transportation - Update on Bid submitted to National Highways Authority of India for 4-laning of Amravati-Chikhli (Pack

By Religare

IL&FS Transportation Networks Ltd has informed BSE that the Company had submitted a Bid with the National Highways Authority of India ("NHAI") for "4-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 "Project"). 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 Crores

Further, 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 Crores for Project.

Story first published: Monday, July 27, 2015, 12:40 [IST]
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