IL&FS Transportation Networks (ITNL), the company engaged in building roads
on BOT basis, is likely to raise Rs 700 crore through an initial public offering
(IPO) in January 2010 for repayment of loan and funding future growth plans.
Presently, ITNL is executing 12 projects and will require an infusion of Rs
2,000 crore as equity to execute the projects over a period of three years.
The company has also entered into a strategic partnership with the Airports
Authority of India to venture into airport sector and has also been selected for
developing 4.9 km elevated metro rail link project in Gurgaon, as per sources.
Also See:
ITNL
wins Moradabad-Bareilly road project (02-Dec-09)