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| Exchange Disseminated Time | IL&FS Transportation Networks Ltd has informed BSE that the Concession Agreement for development of 6 laning of Ranchi Ring Road, Section VII from Kathitanr to Karma comprising of 23.575 Kms. has been signed by Jharkhand Infrastructure Implementation Co Ltd, a subsidiary of the Company with Govt of Jharkhand on a Built Operate Transfer (BOT) basis ("the Project") on August 7, 2015.
The Project is on Annuity basis with a Concession Period of 17.5 years including Construction Period of 2.5 years. The estimated cost of the Project is Rs 587.60 Crores. The Company shall receive annuity of Rs 111.64 Crores per annum upon completion of the Project. |
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