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01-Dec2017

IL&FS Engineering touches roof on bagging Rs 581.96 crore road contract

IL&FS Engineering and Construction Company is locked at upper circuit at Rs. 51.25, up by 2.40 points or 4.91% from its previous closing of Rs. 48.85 on the BSE.

The scrip opened at Rs. 51.25 and has touched a high and low of Rs. 51.25 and Rs. 51.25 respectively. So far 37,129 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.95 on 21-Feb-2017 and a 52 week low of Rs. 31.00 on 29-Sep-2017.

Last one week high and low of the scrip stood at Rs. 51.25 and Rs. 41.40 respectively. The current market cap of the company is Rs. 672.00 crore.

The promoters holding in the company stood at 42.25%, while Institutions and Non-Institutions held 8.83% and 48.92% respectively.

IL&FS Engineering and Construction Company (IL&FS Engineering Services) has received a Letter of Acceptance (LoA) for a Road Contract from IL&FS Transportation Networks (ITNL). The total value of the contract is Rs 581.96 crore and completion period is 21 months.

The scope of IL&FS Engineering Services under this contract involves Four Laning from km 165.600 to km 220.00 of Amravati - Chikhli section of NH-6 in the state of Maharashtra on Item Rate basis. IL&FS Engineering Services is currently working on Rs 5012 crore worth road projects across India.

IL&FS Engineering and Construction Company is one of the leading multi-national Infrastructure Development, Construction and Project Management companies with nearly three decades of rich and varied experience in executing landmark projects.



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