IL&FS Engineering and Construction Company is currently trading at Rs. 69.15, up by 2.55 points or 3.83% from its previous closing of Rs. 66.60 on the BSE.
The scrip opened at Rs. 68.00 and has touched a high and low of Rs. 69.90 and Rs. 67.60 respectively. So far 46,000 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. 30.45 on 30-Oct-2013.
Last one week high and low of the scrip stood at Rs. 70.00 and Rs. 59.05 respectively. The current market cap of the company is Rs. 622.00 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 won contracts from WBSEDCL (West Bengal State Electricity Distribution Company) for construction of Rural Electrification Infrastructure, Erection Works, and Household Electrification in 24 Parganas (N) district of West Bengal under Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) - XII Plan. The total value of these contracts is Rs 196 crore and the completion period is 24 months. The Company is presently executing such Electrification Power Projects for WBSEDCL (Package-12, 13, and 14) in 24- Paraganas (South) district of West Bengal under Backward Region Grant Fund Scheme (BRGF).
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.