Price band Rs242-258
IL&FS Transportation Networks Ltd. (ITNL), an infrastructure development player with a focus on road projects is raising Rs7bn through a public issue. Amongst India’s major private players in the BOT road segment, ITNL has an order book of Rs103bn in road and railway projects with a total of 17 projects in hand of which eight have been completed. With the central and state governments seeking to secure greater private sector participation, we believe that ITNL with its proven track record and experienced management is well placed to capitalize on this opportunity.