IL&FS JV wins two road projects in MP worth Rs 375 crore

IL&FS Transportation Networks on Thursday 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.

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