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Infrastructure company IL&FS Transportation Networks today said its subsidiaries have signed two agreements with NHAI worth Rs 4,173.92 crore for four-laning two sections of NH-6 in Maharashtra.
“The concession agreement for development of four-laning of the Fagne-Gujarat/Maharashtra border (package-III) section of NH-6 in Maharashtra from 510 km to 650.79 km has been signed by Fagne Songadh Expressway Ltd, a wholly-owned subsidiary of the company with National Highways Authority of India (NHAI),” IL&FS Transportation said in a BSE filing.
It further said: “The concession agreement for development of four-laning of the Amravati-Chikhli (Package-I) section of NH-6 in Maharashtra from 166 km to 360 km has been signed by Amravati Chikli Expressway Ltd, a wholly-owned subsidiary of the company with National Highways Authority of India.”.
IL&FS Transportation Networks Ltd said the estimated cost of the projects is Rs 1,885.74 crore and Rs 2,288.18, crore respectively.
Both the projects were signed on September 8 on Build, Operate, Transfer basis (BOT) basis and the projects are on a toll basis with a concession period of 19 years, including construction period of 910 days.
IL&FS Transportation Networks Ltd shares were trading at Rs 92.35, up 4.76 per cent from the previous close on the BSE.
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