IL&FS Transportation Networks today said its joint venture with IL&FS Engineering and Construction Company has bagged two road projects in Madhya Pradesh worth Rs. 375.23 crore.
“The joint venture (JV) comprising of the company and IL&FS Engineering and Construction Company in the ratio 51:49 has submitted bids with the Madhya Pradesh Road Development Corporation Ltd..The JV has emerged as lowest bidder for the development of two projects,” IL&FS Transportation Networks said in a BSE filing.
“The company has quoted Rs. 213.52 crore for project 1 and Rs. 161.71 crore for project 2. The construction period for project 1 is 730 days and project 2 is 548 days,” it added.
Project 1 is for widening and reconstruction of Bariya Choki-Lugasi-Garhi Malhara Road, Bamitha-Dumra Road, Rajnangar-Bachhon Road and Chhatarpur-Vikrampur-Rajnagar Road.
Project 2 is for widening and reconstruction of Barghat-Kanhiwada Road, Dharna-Asta-Dondiwada-Dharmakua Road, Waraseoni-Katangi Road.
Shares of IL&FS Transportation Networks were trading 0.56 per cent higher at Rs. 89.05 on BSE.