Moneycontrol Bureau
Shares of IL&FS Transportation Networks (ITNL) jumped over 2 percent intraday on Monday after its subsidiary company received provisional completion certificate to operate a border check post.
The subsidiary company received certificate to commercially operate the Ujjain-Jhalawar (M-3) border checkpost with effect from April 10, 2015. MP Border Check post Development Company had been mandated development of 24 border checkposts.
The project is fee based with a concession period of 12.5 years.
The stock closed at Rs 196.10, up Rs 1.80, or 0.93 percent on the BSE.
(Posted by Nasrin Sultana)
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