IL&FS Transportation bags Rs 1,818 cr NHAI road project

Moneycontrol Bureau

IL&FS Transportation Networks has won a road project in the state of Himachal Pradesh from National Highways Authority of India. The cost of the project is estimated around Rs 1,818.47 crore, the company said on Monday. The project is for four-laning of Kiratpur to Ner-Chowk section of National Highway 21 in Himachal Pradesh and will be executed on BOT (build-operate-transfer) basis, it said. The project is on a toll basis and will have a concession period of 28 years, including construction period of three years. IL&FS Transportation shares were up 1.4% at Rs 194.15 on NSE in morning trade.