IL&FS Engineering and Construction Company is currently trading at Rs. 32.65, up by 1.10 points or 3.49% from its previous closing of Rs. 31.55 on the BSE.
The scrip opened at Rs 32.40 and has touched a high and low of Rs 32.65 and Rs. 32.00 respectively. So far 2502 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 67.95 on 28-Jan-2013 and a 52 week low of Rs 19.40 on 02-Aug-2013.
Last one week high and low of the scrip stood at Rs 34.05 and Rs 31.15 respectively. The current market cap of the company is Rs 287.32 crore.
The promoters holding in the company stood at 29.78% while Institutions and Non-Institutions held 17.31% and 52.91% respectively.
IL&FS Engineering and Construction Company has received a Letter of Award (LoA) from Neelkamal Realtor Tower (NRTPL) for construction of 'Orchid Heights', a high-rise residential project at Byculla in Mumbai. The total value of Shell & Core portion of the contract is Rs. 675 crore, which is to be completed in 39 months. The timeline for committed scope of Finishing, and Mechanical, Electrical and Plumbing (MEP) work shall get decided during the course of execution which will further enhance the contract value.
The 'Orchid Heights' project has two high rise towers - Tower A and Tower B having heights of about 274 mt, and 201 mt respectively with total built-up area of around 28,22,134 sq.ft. This project would be the first work in Mumbai for the Company. Being a very tall structure, it opens up the market for the Company in this segment for such high rise towers not only in Mumbai but all over India.
The Company now enters into a select group of companies who execute such high rise buildings with modern and most sophisticated methods of System Formworks and sophisticated machinery.
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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