Corporate Announcement
Security Code : 532907    Company : IL&FSENGG    
 
Receipt of LOA from NHAI for Road Project in the State of Bihar 
  Exchange Disseminated Time     
IL&FS Engineering and Construction Company Ltd has informed BSE that the Company has received a Letter of Award (LoA) from National Highways Authority of India (NHAI) for a total value of Rs. 1232 Crores for Four Laning of Patna-Gaya-Dobhi Section of NH-83 from km 0.000 to km 127.217 in the state of Bihar to be executed under JICA ODA Loan Assistance. The project completion period is 1095 days from commencement date.

The widening of this national highway will give a major boost to the tourism industry there as it falls under the Buddhist circuit. It will also provide substantial economic gain in terms of reduced vehicle operating costs and reduced travel time.
 

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