ITNL up 2%, gets provisional CC for border check post

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.