Maytas Infra wins order worth Rs 790 crore from IL&FS Transportation

Maytas Infra wins order worth Rs 790 crore from IL&FS TransportationMaytas Infra Private Ltd, one of the leading Infrastructure Development, Construction and Project Management Companies in India, has secured the Pune-Sholapur road contract worth Rs 790 crore from IL&FS Transportation Networks Ltd.

The company has received the order for four-laning of Pune-Sholapur section of NH-9 on a DBFOT (Design, Build, Finance, Operate & Transfer) basis. The project is to be completed in 20 months.

Hyderabad-based Maytas Infra had submitted its offer to IL&FS Transportation Networks Ltd in October 2009.

Shares of Maytas Infra today closed at Rs 149, up 5% compared to its previous close. The counter had hit a 52-week high of Rs 520 on 15 December 2008 and a 52-week low of Rs 31.40 on 9 March 2009.