Stock Report

IL&FS Transportation Networks receives clearance from Ministry of Environment & Forest for commencement of work



Posted On : 2013-06-13 20:22:08( TIMEZONE : IST )

IL&FS Transportation Networks receives clearance from Ministry of Environment & Forest for commencement of work

IL&FS Transportation Networks has signed the Concession Agreements with the concerned Authorities for the projects, (i) Kiratpur Ner Chowk section of NH 21 of 90.175 kms in the States of Punjab and Himachal Pradesh, (ii) Beawar Gomti section of NH 8 of 88 kms of the total 116 kms (Capacity augmentation) in the State of Rajasthan and (iii) Sikar Bikaner section of NH 11 of 237.57 kms in the State of Rajasthan. The commencement of work of the aforesaid projects was pending receipt of clearance from the Forest Department.

The Forest Advisory Committee of the Ministry of Environment & Forest, Government of India at their meeting held on June 10, 2013 have provided clearance for commencement of work for all the aforesaid Projects.

Shares of IL&FS Transportation Networks Ltd was last trading in BSE at Rs.175.40, up by Rs.5.85 or 3.45%. The stock hit an intraday high of Rs.177 and low of Rs.166.20.

The total traded quantity was 13973 compared to 2 week average of 7152.

Source : Equity Bulls

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