IL&FS Engineering and Construction Company is currently trading at Rs. 46.20, up by 3.30 points or 7.69% from its previous closing of Rs. 42.90 on the BSE.
The scrip opened at Rs. 43.35 and has touched a high and low of Rs. 47.35 and Rs. 43.00 respectively. So far 66497 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. 47.35 and Rs. 42.10 respectively. The current market cap of the company is Rs. 607.09 crore.
The promoters holding in the company stood at 42.25%, while Institutions and Non-Institutions held 9.56% and 48.19% respectively.
IL&FS Engineering and Construction Company has received Letter of Intents (LOIs) from Jharkand Bijli Vitran Nigam (JBVNL) under the Integrated Power Development Scheme (IPDS) for a total contract value of Rs 236.76 crore.
The LOI is for Supply of all equipments and materials including providing for all erection services related to the Contract for Urban Electrification works of Dhanbad Electric Supply Circle of JBVNL covering two towns (Dhanbad & Chirkunda) in Dhanbad district in Jharkand for a contract price of Rs 126.38 crore.
Further, the LOI is also for Supply of all equipments and materials including providing for all erection services related to the Contract for Urban Electrification works of Dumka-Sahibganj Electric Supply Circle of JBVNL covering seven towns (Dumka, Sahibganj, Mihijam, Pakur, Rajmahal, Jamtara & Basukinath) in Dumka, Jamtara, Sahibganj & Pakur district in Jharkand for a contract price of Rs 110.38 crore.
IL&FS Engineering Services is already working for Rural Electrification (RE) and IPDS works in Jharkhand state at Sahibganj, East & West Singhbhum, and Jamshedpur. The Company is currently executing RE works/IPDS works for more than Rs 1850 crore across India.
