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Thursday, 30 November 2017

IL&FS Engineering bags Rs582cr road contract in Maharashtra

IL&FS Engineering and Construction Company Ltd has received a Letter of Acceptance for a Road Contract from IL&FS Transportation Networks Limited (ITNL). The total value of the contract is Rs582cr and completion period is 21 months.
The scope of IL&FS Engineering Services under this contract involves Four Laning from km 165 to km 220 of Amravati - Chikhli section of NH-6 in the state of Maharashtra on Item Rate basis.

IL&FS Engineering Services is currently working on Rs5,012cr worth road projects across India.

The stock is currently trading at Rs51.25, up by Rs2.4 or 4.91% from its previous closing of Rs48.85 on the BSE.

The scrip opened at Rs51.25 and has touched a high and low of Rs51.25 and Rs51.25 respectively. 

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