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IL&FS Engineering surges on receiving Lol worth Rs 175.80 crore from Ireo

02 Apr 2014 Evaluate

IL&FS Engineering is currently trading at Rs. 43.15, up by 1.55 points or 3.73% from its previous closing of Rs. 41.60 on the BSE.

The scrip opened at Rs. 44.15 and has touched a high and low of Rs. 44.15 and Rs. 43.05 respectively. So far 9150 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. 43.65 and Rs. 37.10 respectively. The current market cap of the company is Rs. 388.33 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 received a Letter of Intent (Lol) from Ireo for construction of its luxurious residential project 'Gurgaon Hills' located at Sec-02, Gurgaon, Haryana. The total value of the project is Rs. 175.80 crore, which is to be completed in 39 months.The scope of work includes construction of civil, structural, internal finishes (common areas and hardscape), boundary wall, external development works for the project, and management, coordination, and supervision works for electrical low side, IT/LV, plumbing, fire fighting, HVAC, basement ventilation, gas piping, water treatment plant, swimming pool, water bodies including basements underneath works and other associated works of the project.

The prestigious 'Gurgoan Hills' luxury residential project has Six Towers (20 to 26 Storey) with total built-up area of around 1.77 Million sq.ft including basement, EWS, Club House, and so on.

The Company is currently executing building projects worth more than Rs 850 crore in National Capital Region (NCR) for clients that include Emaar MGF Land, Unitech, Ansal Properties & Infrastructure, Parsvnath Developers, and Puri Constructions.

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.

IL&FS Engg. & Const. Share Price

28.00 0.13 (0.47%)
17-Apr-2026 16:59 View Price Chart
Peers
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