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IL&FS Engineering shines as arm bags order worth Rs 464 crore in KSA

12 Dec 2014 Evaluate

IL&FS Engineering and Construction Company is currently trading at Rs. 64.00, up by 5.75 points or 9.87% from its previous closing of Rs. 58.25 on the BSE.

The scrip opened at Rs. 64.10 and has touched a high and low of Rs. 65.95 and Rs. 63.30 respectively. So far 83,000 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. 31.00 on 20-Dec-2013.

Last one week high and low of the scrip stood at Rs. 65.95 and Rs. 58.20 respectively. The current market cap of the company is Rs. 573.00 crore.

The promoters holding in the company stood at 29.76% while Institutions and Non-Institutions held 16.90% and 53.34% respectively.

IL&FS Engineering and Construction Company’s subsidiary - Maytas Infra Saudi Arabia (MISA), has received a contract from Saudi Binladin Group for construction of Abraj Kudai Project-P1360, Makkah in Kingdom of Saudi Arabia (KSA). The total value of the contract is Saudi Riyals 290.27 million equivalent to Rs 464 crore approximately and the completion period is 32 months.

The scope of work involves supply, delivery, installation, supervision, as built, and handing over of structural and reinforcement concrete works for two towers - 2A & 3A which are both 230 meters in height. MISA recently commenced work on Road Drainage Works for King Abdul-Aziz International Airport Development Project-Phase 1, Jeddah in KSA worth Rs 268 crore approximately.

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.

IL&FS Engg. & Const. Share Price

29.00 0.00 (0.00%)
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