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Maharashtra Metro Rail Corp terminates contracts given to IL&FS Engineering

17 Dec 2018 Evaluate

IL&FS Engineering and Construction Company has received a letter from Maharashtra Metro Rail Corporation in forming the Company of the decision of the competent authority to terminate the contract for construction of Seven Elevated Metro Stations, and Three At-Grade Stations (North South Corridor).

The reason for termination is alleged slow progress. All Bank Guarantees provided by the Company around Rs 93 Crore would be enchased by Maharashtra Metro Rail Corporation.

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.

IL&FS Engg. & Const. Share Price

27.15 -0.72 (-2.58%)
17-Apr-2026 13:34 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4099.90
Rail Vikas Nigam 304.00
NCC 160.55
KEC International 584.60
Kalpataru Projects 1222.90
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