IL&FS Transportation Networks, the transportation infrastructure company, said today that it has awarded the roard project worth Rs 22.88 billion through issuance of a letter of award from National Highways Authority of India (NHAI).

The company had submitted a bid with the NHAI for 4-laning of Amravati-Chikhli (Package-I) section of NH-6 in the state of Maharashtra from Km. 166 to Km. 360 on BOT (TOLL) basis on DBFOT pattern under NHDP Phase-IV.

The company had quoted a grant of Rs 1.83 billion for project. The concession period for the project will be 19 years including construction period of 910 days.

Shares of the company gained Rs 0.45, or 0.3%, to trade at Rs 148. The total volume of shares traded was 64,625 at the BSE (12.50 p.m., Monday).