The announcement was made during trading hours today, 6 February 2012.
Meanwhile, the BSE Sensex was up 117.09 points, or 0.67%, to 17,722.05.
On BSE, 57,000 shares were traded in the counter as against an average daily volume of 74,681 shares in the past one quarter.
The stock hit a high of Rs 224.30 and a low of Rs 205 so far during the day. The stock had hit a record low of Rs 143.10 on 2 January 2012. The stock had hit a 52-week high of Rs 257.65 on 3 February 2011.
The stock had outperformed the market over the past one month until 3 February 2012, rising 35.63% compared with the Sensexs 10.45% rise. The scrip had, however, underperformed the market in past one quarter, gaining 0.47% as against 0.70% rise in the Sensex.
The mid-cap road developer has an equity capital of Rs 194.27 crore. Face value per share is Rs 10.
IL&FS Transportation Networks said it was declared as the preferred bidder by the National Highways Authority of India (NHAI) for four laning of Kiratpur to Ner Chowk section of National Highway (NH)-21 in Himachal Pradesh on design, build, finance, operation and transfer (DBFOT) pattern.
The project is on toll basis with a concession period of 28 years, including construction period of 3 years. The estimated cost of the project is Rs 1818.47 crore. The company said it had quoted a grant of Rs 134.57 crore for the project.
IL&FS Transportation Networks consolidated net profit rose 8.2% to Rs 116.22 crore on 42.2% surge in net sales to Rs 1255.48 crore in Q2 September 2011 over Q2 September 2010.
IL&FS Transportation Networks is one of the largest private sector road operators in India. The company is engaged in the development, operation, and maintenance of national and state highways, roads, flyovers and bridges primarily in India.
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