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 Equity Holding 9 – ITNL
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IL&FS Transportation Networks (India) Limited (“ITNL”) was formed by Infrastructure Leasing and Financial Services Limited (“IL&FS”) to create a pan-India surface transport business. IL&FS has identified the Transport Sector as an area of focus and represents itself in this sector through ITNL.
ITNL has established itself as a player with significant experience in the development, commissioning and management of road projects and is also developing capabilities in other sub-sectors such as railways, urban transportation systems and logistics.
ITNL offers integrated services for road infrastructure projects including project development, investment / project sponsorship, construction management, operation and management of toll roads and advisory services. The Company has also been involved in the development and implementation of important highways, flyovers, bridges and roads. These projects have been designed on international standards in terms of technology and facilities. ITNL currently holds ten road sub sector projects in its portfolio and all these roads are strategically important as they connect major industrial and social centres of the country.
- Following the investment by Trikona, Goldman Sachs and SCB Asian Infrastructure fund have both invested in ITNL.
- The Noida Toll Bridge Company Ltd. project is completed and fully operational, with a registered growth rate of over 150% from previous year. Current revenues stand at £9.04 million.
- The Gujarat Road Infrastructure Company Ltd. project is completed and now operational.
- The Tamil Nadu, North Karnataka and West Gujarat projects are also fully operational and generating toll and annuity income.
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| View Project Details |
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£9.2 million*
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| Asset Classes |
Infrastructure
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| Project Name |
IL&FS Transportation & Networks Limited |
| Partner |
IL&FS Transportation Networks Ltd |
Location
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Pan India |
Type
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Surface Transport Infrastructure |
Capital Invested
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£5.1 M
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| *NAV as of 31 March 2008 |
£9.2 M
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Shares Owned
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4.2 Million** |
| IRR at date |
51% |
| Multiple at date |
1.77 |
**Anti dilution shares issued to existing shareholders
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