IL&FS Engineering and Construction Company is locked at upper circuit limit at Rs. 53.65, up by 2.55 points or 4.99% from its previous closing of Rs. 51.10 on the BSE.
The scrip opened at Rs. 53.50 and has touched a high and low of Rs. 53.65 and Rs. 53.50 respectively. So far 22,000 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.95 on 21-Feb-2017 and a 52 week low of Rs. 31.00 on 29-Sep-2017.
Last one week high and low of the scrip stood at Rs. 56.45 and Rs. 49.00 respectively. The current market cap of the company is Rs. 703.46 crore.
The promoters holding in the company stood at 42.25%, while Institutions and Non-Institutions held 8.83% and 48.92% respectively.
IL&FS Engineering and Construction Company (IL&FS Engineering) has received Fax of Acceptance (FOA) from Gas Authority of India (GAIL) for 157.8 km long 30’’ diameter pipeline laying works for Dobhi-Durgapur-Haldia Pipeline Section (Part B) along with 13.28 km long 12’’ diameter spurline under Jagdishpur Haldia/Bokaro-Dhamra Natural Gas pipeline (JHBDPL) project in Jharkhand/West Bengal states.
The total value of the contract is Rs 215.79 crore (excluding GST) and is to be mechanically completed in 15 months from date of FOA and additional 2 month for pre-commissioning and commissioning.
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.
