IL&FS Transportation Networks (IL&FS TN), the transportation infrastructure company, announced that Elsamex SA, a wholly owned subsidiary of the company in Spain has been awarded a contract by the Ethiopian Roads Authority for Construction of Ambo-Wolliso road upgrading project for a total length of 62.7 Km to be executed in a period of 36 months.
The project is funded by World Bank and the estimated total contract value is ETB 1,203,462,410.59 (approx. Rs 3.63 billion).
Shares of the company gained Rs 0.4, or 0.19%, to trade at Rs 211.60. The total volume of shares traded was 13,669 at the BSE (10.24 a.m., Monday).