IL&FS Engineering and Construction Company is currently trading at Rs. 17.15, up by 0.81 points or 4.96% from its previous closing of Rs. 16.34 on the BSE.
The scrip opened at Rs. 17.00 and has touched a high and low of Rs. 17.15 and Rs. 17.00 respectively. So far 22198 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 59.25 on 04-Jan-2018 and a 52 week low of Rs. 9.61 on 07-Dec-2018.
Last one week high and low of the scrip stood at Rs. 17.15 and Rs. 13.45 respectively. The current market cap of the company is Rs. 224.87 crore.
The promoters holding in the company stood at 42.25%, while Institutions and Non-Institutions held 6.73% and 51.02% respectively.
IL&FS Engineering and Construction Company has received a letter from Rail Vikas Nigam informing the Company of the decision of the competent authority to terminate the contract for construction of seven stations including related works from Sub - CBD-1 to Titumir in New Garia- Airport Metro Corridor of Kolkata Metro Railway.
The reason for termination of the contract is slow progress. Rail Vikas Nigam will encash all BGs provided by the company amounting to approximately Rs 43 crore.
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.