IL and FS Engineering and Construction Company on Saturday declared getting Rs 242.5-crore road project in Karnataka. IL and FS Engineering and Construction Company Ltd (IL&FS Engineering Services) has been given a Letter of Acceptance (LoA) for a road contract from the Ministry of Road Transport and Highways (MoRTH) through CE (NH) PWD, Government of Karnataka, for a total value of Rs 242.56 crore, the company’s filing read.
The project includes widening of two or four lanes with paved shoulders on Bidar to Humnabad section of NH-50 in EPC mode in Karnataka with a completion period of 24 months, it further added. IL&FS Engineering Services is completing a metro rail contract in Karnataka for Bangalore Metro Rail Corporation for a value of Rs 326.99 crore, it said.
IL and FS share price is trading above 5 per cent. The stock opened at Rs. 45.15 against its previous closing at Rs. 42.25. The stock touched the day’s high and low at Rs. 47 and Rs. 44.10 respectively. Approximately 1,35,497 shares are traded on the counter with a traded value of Rs. 60.73 lacs, as per NSE.
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