IL&FS Transportation Networks Ltd had submitted its Bid with the National Highways Authority of India for Four Laning of Kiratpur to Ner-Chowk Section of NH-21 from Km 73.200 to Km 186.500 In the State of Himachal Pradesh to be executed as BOT (Toll) on DBFOT pattern under NHDP Phase III.

The Project is on Toll basis with a concession period of 28 years including construction period of 3 years and the estimated cost of the Project is INR 1,818.47 crores. The Company had quoted a grant of INR 134.57 crores for Project.

The bids were opened by NHAI and the Company has emerged as the Lowest Bidder for the aforesaid Project.

(Sourced from Equity Bulls)