IL&FS Transportation gains after road project commences commercial operations.

IL&FS Transportation Networks rose 2.78% to Rs 179 at 11:30 IST on BSE after the company said that the four laning of Warora Chandrapur Ballarpur Bamni Road Project has commenced commercial operations from 26 December 2014.

IL&FS Transportation Networks said 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 26 December 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.

BS