/ ITNL Bags Contract Worth Rs 1100 Crore Stock Up By Over 5% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 11 May 2017

IL&FS Transportation Networks Limited, in a BSE filing on Thursday, said that IIPL Laos Pte Ltd, Singapore, a wholly-owned subsidiary of the company has entered into a contract for rehabilitation and development works with a length of 165 km including construction of 33 new bridges in the People’s Democratic Republic of Laos.

The contract is awarded to a consortium in which IIPL Laos Pte Ltd is the lead member having 90% stake, it also said.

The estimated cost of the construction is $165 million (approx Rs 1100 Crores).

The stock of IL&FS Transportation Networks Limited surged over 5% on Thursday on the BSE.

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