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IL&FS Engineering surges on bagging contract worth Rs 69.97 crore for RMRG

21 Mar 2014

IL&FS Engineering and Construction Company is currently trading at Rs. 38.80, up by 2.15 points or 5.87 % from its previous closing of Rs. 36.65 on the BSE.

The scrip opened at Rs. 39.40 and has touched a high and low of Rs. 40.30 and Rs. 38.50 respectively. So far 8270 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 48.50 on 02-Jan-2014 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. 39.50 and Rs. 35.35 respectively. The current market cap of the company is Rs. 329.07 crore.

The promoters holding in the company stood at 29.78 % while Institutions and Non-Institutions held 17.27 % and 52.95 % respectively.

IL&FS Engineering and Construction Company has been awarded a contract for construction of Elevated Depot Cum Workshop for the Rapid Metro Rail Gurgaon, (RMRG- Phase-II). This contract involves Civil Works (Structural Works) for Elevated Depot Cum Workshop near AIT Chowk, Gurgaon (South Extension) but excluding architectural finishing works for RMRG (Phase II). The total value of the contract is Rs 69.97 crore, and is to be completed within 24 months from the date of issue of LOA.

The company is currently executing two contracts for RMRG (Phase II) - One involving construction of double track Elevated Viaduct worth Rs 255.84 crore, and the other involving construction of five Elevated Stations at DLF Phase-I, Sushant Lok, Sector 53-54, AIT Chowck, and Sector 55-56 in Gurgaon (South Extension) worth Rs 84.30 crore.

The company had earlier successfully executed RMRG (Phase I) contract worth Rs 259.30 crore that involved construction of single and double track Elevated Viaduct including six station buildings.

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.

Related IL&FS Engineering and Construction Company Ltd. Links:

IL&FS Engg. & Const. Share Price

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SEBI Registered: Investment Adviser - INA000013323