IL&FS Engineering and Construction Company is currently trading at Rs. 55.75, up by 0.95 points or 1.73% from its previous closing of Rs. 54.80 on the BSE.
The scrip opened at Rs. 55.40 and has touched a high and low of Rs. 57.00 and Rs. 54.30 respectively. So far 89570 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 66.00 on 09-Sep-2016 and a 52 week low of Rs. 36.80 on 22-Nov-2016.
Last one week high and low of the scrip stood at Rs. 59.00 and Rs. 54.15 respectively. The current market cap of the company is Rs. 711.99 crore.
The promoters holding in the company stood at 42.25%, while Institutions and Non-Institutions held 10.08% and 47.67% respectively.
IL&FS Engineering and Construction Company has received Letter of Intents (LOIs) from Jharkhand Bijli Vitran Nigam (JBVNL), Ranchi for Rural Electrification (RE) Works of East Singhbhum Package comprising East Singhbhum district, and West Singhbhum Package comprising West Singhbhum districts in Jharkhand state under Deen Dayal Upadhyay Gram Jyoti Yojna (DDUGJY).
The company has also received LOIs for Urban Electrification Works of Jamshedpur Electric Supply Area of JBVNL covering eight towns (Jamshedpur, Mango, Jugsalai, Chakuliya, Adityapur, Chaibasa, Chakradharpur, and Seraikela) in East Singhbhum, West Singhbhum and Seraikela-Kharsawan districts in Jharkhand state under Integrated Power Development Scheme (IPDS) on behalf of JBVNL. The total value of these contracts is Rs 559.35 crore and the completion schedule of the works is 24 months.
IL&FS Engineering and Construction Company is one of the leading multi-national Infrastructure Development, Construction and Project Management companies with nearly three decades of rich and varied experience in executing landmark projects.
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