IL&FS Transportation Networks, the transportation infrastructure company, announced that the four laning of Warora Chandrapur Ballarpur Bamni Road Project in the state of Maharashtra which was awarded to the consortium of Vishwaraj Infrastructure, Diva Media and the company has commenced commercial operations from Dec. 26, 2014.
The project is on toll basis with a concession period of 30 years (including 3 years of construction period). The company has equity stake of 35% in the project.
Shares of the company gained Rs 4.6, or 2.64%, to trade at Rs 178.75. The total volume of shares traded was 10,680 at the BSE (10.34 a.m., Monday).