IL&FS Engineering and Construction Company is currently trading at Rs. 49.30, up by 3.20 points or 6.94% from its previous closing of Rs. 46.10 on the BSE.
The scrip opened at Rs. 48.05 and has touched a high and low of Rs. 54.00 and Rs. 48.05 respectively. So far 61,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 80.75 on 14-Oct-2015 and a 52 week low of Rs. 39.15 on 23-May-2016.
Last one week high and low of the scrip stood at Rs. 54.00 and Rs. 45.50 respectively. The current market cap of the company is Rs. 597.31 crore.
The promoters holding in the company stood at 37.50%, while Institutions and Non-Institutions held 10.94% and 51.55% respectively.
IL&FS Engineering and Construction Company in joint venture with Unitech Power Transmission have received a Letter of Acceptance (LoA) from Power Grid Corporation of India (PGCIL) for Supply Contract for Tower Package- TW05 for 765KV D/C Turnkey Transmission Line Project in Gujarat. The value of the contract is Rs 136.26 crore. The project completion period is 23 months from the date of issue of the LoA. This contract has been won under International competition bidding process (ICB) and project is funded under KWU loan.
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.
