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IL&FS Engineering jumps on getting LoI for construction of commercial complex in Gurgoan

17 Apr 2013

IL&FS Engineering is currently trading at Rs. 42.85, up by 2.80 points or 6.99% from its previous closing of Rs. 40.05 on the BSE.

The scrip opened at Rs. 41.45 and has touched a high and low of Rs. 43.80 and Rs. 40.15 respectively. So far 11210 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 72.80 on 04-Oct-2012 and a 52 week low of Rs. 35.80 on 26-Mar-2013.

Last one week high and low of the scrip stood at Rs. 40.85 and Rs. 37.60 respectively. The current market cap of the company is Rs. 376.66 crore.

The promoters holding in the company stood at 29.78% while Institutions and Non-Institutions held 17.61% and 52.61% respectively.

IL&FS Engineering and Construction Company has received a Letter of Intent (LoI) from Unitech to construct signature III, a commercial complex in sector 15, Gurgoan, worth Rs 77.5 crore. This building project entails 3 basements and the project completion period is 21 months. This building has a special feature of dry stone cladding unlike glass curtain walls and designed as a classic building.

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.


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SEBI Registered: Investment Adviser - INA000013323