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IL&FS Engineering surges on getting LOA from Haryana Vidyut Prasaran Nigam

26 Apr 2013

IL&FS Engineering and Construction Company is currently trading at Rs. 44.80, up by 1.15 points or 2.63% from its previous closing of Rs. 43.65 on the BSE.

The scrip opened at Rs. 43.70 and has touched a high and low of Rs. 45.00 and Rs. 43.70 respectively. So far 5943 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. 46.20 and Rs. 42.35 respectively. The current market cap of the company is Rs. 395.96 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 Award (LOA) from Haryana Vidyut Prasaran Nigam (HVPNL), Panchkula for design, supply, civil and erection of 2 new 132 KV substations and 5 Nos of 132 KV extension bays on a Turnkey basis in Sonipat district in Haryana. The value of project is Rs 27.84 crore and is being funded by the World Bank. The project completion time is twelve month from the commencement date.

Recently, the company had received a Letter of Intent (LoI) from IPTF, Fujairah, FZC for oil pipeline work for an amount of Rs 71.40 crore.

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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