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1.Ramky consortium achieves financial closure for road project

Ramky Infrastructure and IL&FS Transportation Networks led consortium has tied up funds for four-laning (212.5 km) of the existing two-lane stretch from Narketpally to Addanki and Medarametla road on State Highway-II.

2.ITNL will commission six highways next fiscal despite delays

IL&FS Transportation Networks (ITNL) will commission six of its highway projects on schedule in 2011-12 despite the procedural delays.

3.IL&FS mulls to up its toll to Rs 12 cr/day by 2015

IL&FS Transportation Networks India hopes to increase its daily collection by way of annuity and toll from Rs.2 crore a day now to Rs 12 crore a day by 2015-16, Executive Director Mukund Gajanan Sapre told a newspaper. IL&FS Transportation Networks India is devising a multi-pronged approach to work around the road blocks.

4.IL&FS bids for Barwa-Adda-Panagarh h'way stretch

IL&FS Transportation Networks has stated that the company has submitted a bid with the National Highways Authority of India (NHAI) for six-laning of Barwa-Adda-Panagarh Section of NII-2 from km 398.240 to km 521.120 including Panagarh Bypass in Jharkhand and West Bengal under NHDP Phase V to be executed on DBFOT basis.

5.IL&FS arm in Spain bags 2 road contracts of Portugal govt

IL&FS Transportation Networks' Spain subsidiary has got two road maintenance contracts of the Estradas de Portugal, the Roads Development Company of the government of Portugal.

6.Leading firms eye rail corridor project

Leading infrastructure companies such as L&T IDPL, Gammon Infra, IL&FS Transportation, GMR Infra and CAF South Africa are eyeing the Rs 21,147 crore Mumbai elevated rail corridor project. The railways seeks to implement the the 60 km corridor project on the PPP model.

7.Banks lend Rs15 bn to IL&FS arm for metro project

Recently, a consortium of banks provided Rs 1,500 crore loan to IL&FS Transportation Networks for executing the Rapid MetroRail Gurgaon South Extension project in Haryana. This information was given by IL&FS Transportation Networks in a communication to stock exchange. However, the consortium of banks is not known

8.IL&FS ties-up with NHAI for Rs 1,665 cr project in 2 states

Infrastructure firm IL&FS Transportation on May 9 said it has signed a pact with National Highways Authority of India (NHAI) for Rs 1,665 crore road project in Jharkhand and West Bengal. The company said that the concession agreement for six-laning of Barwa-Adda-Panagarh section of NH 2 was signed between NHAI and Barwa-Adda Expressway, a subsidiary of the company incluidng Panagarh bypass.

9.NHAI, IL&FS ink deal on Rs 16.6 bn road project

National Highways Authority of India (NHAI) signed concession agreement with IL&FS Transportation for a Rs 1,665 crore road project in Jharkhand and West Bengal. The contract involves six-laning of Barwa-Adda-Panagarh section of national highway (NH 2) and it would be executed by Barwa-Adda Expressway, a subsidiary of IL&FS Transportation

10.ILFS arm signs pact with NHAI

According to a filing with the stock exchange, IL&FS Transportation Networks signed a Concession Agreement with National Highways Authority of India (NHAI) for four laning of Khed - Sinnar Section of NH-50 under Phase IV B in Maharashtra. The firm would execute the project on DBF