IL&FS Engineering and Construction Company is currently trading at Rs. 66.00, up by 1.80 points or 2.80% from its previous closing of Rs. 64.20 on the BSE.
The scrip opened at Rs. 66.65 and has touched a high and low of Rs. 67.40 and Rs. 65.55 respectively. So far 9740 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 76.10 on 21-May-2014 and a 52 week low of Rs. 19.40 on 02-Aug-2013.
Last one week high and low of the scrip stood at Rs. 70.15 and Rs. 61.20 respectively. The current market cap of the company is Rs. 605.64 crore.
The promoters holding in the company stood at 29.76% while Institutions and Non-Institutions held 16.78% and 53.46% respectively.
IL&FS Engineering and Construction Company has bagged an EPC contract from Indian Strategic Petroleum Reserves (ISPRL), Ministry of Petroleum and Natural Gas, Government of India, for laying of Pipeline from Land Fall Point (LFP), Mangalore Port to Mangalore/Padur Cavern via Intermediate Valve Station (IVS) for storage of crude oil project.
The total length of the project is 50 Km and the total value of the contract is Rs 213 crore. The project is to be completed within 15 months from the date of issue of LOA. The company is currently executing Halol Dahod Pipeline Project of Gujarat State Petronet (GSPL) on EPC basis.
Further, the company is also executing two Oil & Gas projects - one involves construction of 15 numbers of Storage Tanks having a total storage capacity of 0.85 million tonnes at Fujairah, UAE, and the other consists of laying 6 pipelines from the IPTF Terminal at Fujairah to the Port of Fujairah for evacuation of white oil and black oil products.
IL&FS Engineering and Construction Company is engaged in infrastructure development, construction and project management. The company has undertaken projects in segments such as roads/ expressways/ highways, buildings and industrial structures, irrigation canals and dams and thermal and hydel power.
