Moneycontrol
Apr 15, 2013 11:50 AM IST | Source: Moneycontrol.com

ILandFS Trans gets provisional completion certificate for Hazaribagh-Ranchi section

IL&FS Transportation Networks has informed that the Hazaribagh - Ranchi section of NH-33 from km 40.500 to 114.00 in the State of Jharkhand being implemented by the subsidiary of the Company has been issued a Provisional Completion Certificate by the Competent Authority effective September 15, 2012.

ILandFS Trans gets provisional completion certificate for Hazaribagh-Ranchi section

IL&FS Transportation Networks Ltd has informed BSE that the Hazaribagh - Ranchi section of NH-33 from km 40.500 to 114.00 in the State of Jharkhand (“the Project”) being implemented by the subsidiary of the Company has been issued a Provisional Completion Certificate by the Competent Authority effective September 15, 2012.The Project has been commissioned 134 days ahead of Scheduled Project Completion Date i.e. January 27, 2013. The Company shall receive from NIIAI, a semi-annual annuity of Rs. 64.08 Crores for a period of 15.5 years effective September 15, 2012.In addition, the Company shall also receive a one-time Bonus Annuity of Rs. 47.70 Crores for early completion of the Project.Source : BSE

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