IL&FS Transportation Networks said its subsidiary MP Border Checkpost Development Company, has received provisional completion certificate to commercially operate the Mhow Neemuch Border Check Post with effect from Jan. 27, 2014.
The company's subsidiary had been mandated the development of 24 Border Check Posts by the M P Road Development Corporation in the state of Madhya Pradesh on BOT basis.
The project is fee based with a concession period of 12 1/2 years.
Shares of the company declined Rs 2.20, or 1.85%, to trade at Rs 116.40. (11.50 p.m.,Tuesday).