IL&FS Transport up 3%, lowest bidder for Chennai metro project

Moneycontrol BureauShare price of ILandFS Transportation Networks touched 52-week high of Rs 120.15, advances 3.4 percent intraday Wednesday after it has been emerged as a lower bidder for Chennai metro rail project.The company has informed that a joint venture with PJSC Kyivmetrobud in the ratio of 70:30 has been declared lowest bidder for the bid submitted with the Chennai Metro Rail for design validation and construction of works of underground stations.The total cost of the said project is Rs 371.22 crore, which to be completed in 20 months.At 13:35 hrs ILandFS Transportation Networks was quoting at Rs 118.65, up Rs 2.45, or 2.11 percent on the BSE.Posted by Rakesh Patil