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.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4099.90 |
| Rail Vikas Nigam | 304.00 |
| NCC | 160.55 |
| KEC International | 584.60 |
| Kalpataru Projects | 1222.90 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: