IL&FS Engineering jumps on bagging 3 projects worth Rs 330.69 crore from WBSECL

IL&FS Engineering is currently trading at Rs. 60.60, up by 2.00 points or 3.41% from its previous closing of Rs. 58.60 on the BSE.

The scrip opened at Rs. 58.50 and has touched a high and low of Rs. 61.85 and Rs. 56.20 respectively. So far 47328 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 113.30 on 12-Sep-2011 and a 52 week low of Rs. 48.20 on 21-Aug-2012.

Last one week high and low of the scrip stood at Rs. 65.90 and Rs. 53.00 respectively. The current market cap of the company is Rs. 439.85 crore.

The promoters holding in the company stood at 34.56% while Institutions and Non-Institutions held 4.08% and 61.35% respectively.

IL&FS Engineering and Construction Company has won 3 power projects worth Rs 330.69 crore from West Bengal State Electricity Distribution Company (WBSECL) which are to completed simultaneously in 24 months.

The first project worth Rs 99.22 crore is for Rural Electrification Works - Package-12, which involves supply and delivery of materials/equipments for rural electricity infrastructure and household electrification of villages covering Thakurpukur, Mahestola, Budge, Budge-I, Budge-II, Kultali, Basanti, Sonarpur, Bhangar-I, Bhangar-II, Bishnupur-I, and Bhishnupur-II blocks in 24-Paraganas (South) district of West Bengal under Backward Region Grant Fund Scheme (BRGF).

The second project bagged is worth Rs 115.74 crore is for Rural Electrification Works - Package-13, which involves supply and delivery of materials/equipments for rural electricity infrastructure and household electrification of villages covering Canning-I, Canning-II, Baruipur, Joynagar-I, Joynagar-lI, Mathurapur-I, Mathurapur-II, Magrahat-I&II, and Mandir Bazar blocks in 24- Paraganas (South) district of West Bengal under BRGF.

Finally, the third project bagged by the company is worth Rs 115.73 crore is for Rural Electrification Works - Package-14, which involves supply and delivery of materials/equipments for rural electricity infrastructure and household electrification of villages covering Kulpi, Kakdwip, Namkhana, Pathar Pratam, Falta, Diamond Harbour - I&II  blocks in in 24- Paraganas (South) district of West Bengal under BRGF.

IL&FS Engineering and Construction Company is engaged in infrastructure development, construction and project management. The company has undertaken projects in segments such as roads/ expressways/ highways, buildings and industrial structures, irrigation canals and dams and thermal and hydel power.