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GMRC terminates metro contract with IL&FS Engineering & Construction

11 Jan 2019 Evaluate

The Gujarat Metro Rail Corporation (GMRC) has terminated the contract awarded to IL&FS Engineering & Construction due to the slow progress of work and awarded the same to J Kumar Infrastructure.

IL&FS Engineering & Construction was awarded the Rs 374.64 crore contract to build four stations and lay a 4.6-km viaduct for the metro project in the city.

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.

Peers
Company Name CMP
Larsen & Toubro 3699.00
Kalpataru Projects 1456.60
NCC 126.90
Rail Vikas Nigam 196.00
KEC International 362.35
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