IL&FS Transportation Networks today said it has emerged as the lowest bidder for a National Highways Authority of India's (NHAI) project in West Bengal and Odisha.
"The bids were opened by NHAI and the company has emerged as the lowest bidder for the aforesaid project," it said in a filing to the Bombay Stock Exchange (BSE).
The project is for construction of new bridges, structures and repair of the National Highway (NH-60) stretch between West Bengal and Odisha.
The company added the project is on a toll basis with a concession period of 24 years, including construction period of 2.5 years, and the estimated cost of the Project is Rs 471.05 crore.
Besides, the project also involves operations and maintenance of the existing four lane highway under National Highways Development Programme phase-I from Kharagpur in West Bengal to Baleshwar in Odisha, it said.
