IL&FS Transport emerges Lowest Bidder for Chennai Metro Rail contract

Chennai: The Joint Venture comprising of IL&FS Transportation Networks Ltd and M/s. PJSC Kyivmetrobud in the ratio of 70:30 had submitted bids with the Chennai Metro Rail Limited (“CMRL”) on Item Rate basis for “Design Validation and Construction of works of underground station (Excluding Station Diaphragm Walls) Associated Structures at Concourse, Platform Level, Entry/Exit, Ancillary Building, Pumphouse, Water Tanks, Ventilation Shafts, Plumbing and Earthmat etc., and Architectural Finishes, Signage’s etc.(“the Project”).

Further inform that the Joint Venture has emerged as the Lowest Bidder for the development of the Project. The Joint Venture had quoted an amount of Rs. 371.218 Crore for the Project to be completed in a period of 20 months.

Shares of IL&FS Transportation Networks Ltd was last trading in BSE at Rs.99.8 as compared to the previous close of Rs. 100.35. The total number of shares traded during the day was 157337 in over 1901 trades.

The stock hit an intraday high of Rs. 102.6 and intraday low of 98.25. The net turnover during the day was Rs. 15746353.