Updates on Bid

| Updated on January 19, 2011 Published on January 19, 2011

IL&FS Transportation Networks Ltd has informed BSE that the Company had submitted its Bid with the National Games Secretariat (the "Authority" or "NGS") for development of Outdoor Stadium at Karyavattom, Thiruvananthapuram, Kerala (the "Project"). The Project is on Annuity basis with a concession period of 15 years including a construction period of 24 months and the estimated cost of the Project is Rs. 161 Crores.

Further the Company has informed that, the bids were opened on January 19, 2011 by NGS and the Company has emerged as the Lowest Bidder for the aforesaid Project.

Source : BSE - >www.bseindia.com

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Published on January 19, 2011
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