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IL&FS Engineering and Construction Company receives LoIs for orders worth Rs. 222.7 crores

Posted On: 2017-03-20 12:25:27

IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) has received Letter of Intents (LOIs) for Rural Electrification (RE) Works of Jharkhand Bijli Vitran Nigam Limited (JBVNL), Ranchi worth Rs. 222.7 Crores in package of Sahibganj comprising Sahibganj and Pakur districts in Jharkhand state under Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY).

The scope of work includes supply and erection of all equipment and materials related to the contract for RE infrastructure development for connecting unconnected house-holds, agricultural feeder segregation, system strengthening & metering works These Projects are covered under DDUGJY of Rural Electrification Corporation and are funded by it under the Govt. of India Central Plan. The completion schedule of the works is 24 months.

IL&FS Engineering Services recently won RE works worth Rs. 515.47 Crores.

The Company is currently executing RE works worth more than Rs. 1290 Crores that involves works electrifying around 9000 villages.

Shares of IL&FS ENGINEERING AND CONSTRUCTION COMPANY LTD. was last trading in BSE at Rs.55.2 as compared to the previous close of Rs. 56.35. The total number of shares traded during the day was 17203 in over 204 trades.

The stock hit an intraday high of Rs. 56.6 and intraday low of 55.15. The net turnover during the day was Rs. 960886.


Source: Equity Bulls

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