IL&FS Transportation Networks Ltd has informed BSE that, MP Border Checkpost Development Company Ltd, a subsidiary of the Company, which had been mandated the development of 24 Border Check Posts by the M. P. Road Development Corporation Ltd. has been issued a Provisional Completion Certificate to commercially operate 2 Border Check Posts, namely, at (i) Agra - Mumbai and (ii) Indore - Ahmedabad effective April 26, 2013. The Project is fee based with a Concession period of 12 1/2 years.
ITNL Offshore Pte Ltd, a wholly-owned subsidiary of IL&FS Transportation Networks Limited (ITNL), successfully completed a foreign currency bond offering of 5.75% RMB 630 million (about Rs.525 crore and equivalent to US$ 100 million) due 2015. These bonds have been placed as part of a public offering marketed in the Hong Kong and Singapore markets This would also be the first Indian listing on the Hong Kong Stock Exchange
IL&FS Transportation Networks Ltd has informed BSE that the Hazaribagh - Ranchi section of NH-33 from km 40.500 to 114.00 in the State of Jharkhand (“the Project”) being implemented by the subsidiary of the Company has been issued a Provisional Completion Certificate by the Competent Authority effective September 15, 2012.The Project has been commissioned 134 days ahead of Scheduled Project Completion Date i.e. January 27, 2013. The Company shall receive from NIIAI, a semi-annual annuity of Rs. 64.08 Crores for a period of 15.5 years effective September 15, 2012.In addition, the Company shall also receive a one-time Bonus Annuity of Rs. 47.70 Crores for early completion of the Project.
The South Delhi Municipal Corporation’s composting plant in Okhla received Rs.25 lakh as carbon credits from the United Nations Framework Convention on Climate Change. The plant, which has been set up under a Public Private Partnership model with Infrastructure Leasing and Financial Services Limited, has processed two lakh tonnes of municipal solid waste into high compost through aerobic composting technology.
IL&FS Education and Technology Services Limited (IL&FS Education) have been engaged by the Community & Rural Development Department, Government of Meghalaya to impart skills to rural youth from BPL families and make them employable. Read the complete article at the following link.
The Waste Management strategy for treatment and disposal of Mumbai's 6,000 tons per day of municipal solid waste which focuses on environment friendly technologies including Composting and Biomethanation has been developed by IL&FS. The Landfill Project at Gorai, has been completed in 24 months, commissioned in February, 2010, at a total capital cost of Rs. 50 crore. After competitive bidding, IL&FS was selected as the project developer and environmental consultants to MCGM. The transaction is one of the largest carbon advance transactions in the Clean Development Mechanism (CDM).
IL&FS Education and Technology Services (IETS), has raised private equity capital of Rs. 172 crore from India Equity Partners (IEP) through a combination of primary and secondary capital. IETS the educational-focused subsidiary of IL&FS provides holistic end-to-end solutions in education and training to schools, colleges, vocational training institutes, government and the corporate sector.
The BMC has appointed Infrastructure Leasing and Financial Services Ltd (IL&FS), as consultants for the Gorai Dumping Ground Closure Project. A scientific closure of the dump was recommended as it had reached saturation point. The cost of the project, the first of its kind in the country, is Rs 62 crore, which includes post-closure maintenance of 15 years.
The BMC has appointed IL&FS as consultants for the Rs 50-crore project for which 40 wells have been dug up at the site to capture, treat and release the methane gas emitted from the site. In a first-of-its-kind plan, the civic body hopes not only to earn about 1.63 million carbon credits (CER), but also generate about 3MW to 4MW of electricity every day from the methane gas emitted from there. "The carbon credits will not only contribute to checking global warming, but will also earn us a handsome revenue of Rs 65.5 crore — at a minimum rate of US $10 for every CER assured by the World Bank,' said additional municipal commissioner R A Rajeev. The Gorai closure is projected to be over by the end of this year and expected to earn CERs from May, 2009.