IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) has entered into a settlement agreement with National Highways Authority of India (NHAI), against the Arbitration Award through conciliation.
The claim amount for the project of widening and strengthening of existing National Highway from two lane to 4 lane from KM 36.00 to KM 5.50 of Daboka to Nagaon section of NH-36 in 1 Assam on East-West Corridor under Phase II Program of NHDP contract Package No. EW-II (AS-17) is Rs. 41.82 crores.
The claim amount for the project of widening and strengthening of existing National Highway from Two Lane to Four Lane from KM 230.50 to KM 205.00 of Dharamtul to Sonapur Section of NH-37 in Assam on East-West Corridor under Phase II Programme of NHDP Contract Package No. EW-II (AS-19) is Rs. 108.33 crores.
Shares of IL&FS ENGINEERING AND CONSTRUCTION COMPANY LTD. was last trading in BSE at Rs.6.94 as compared to the previous close of Rs. 6.61. The total number of shares traded during the day was 18081 in over 21 trades.
The stock hit an intraday high of Rs. 6.94 and intraday low of 6.51. The net turnover during the day was Rs. 125348.