IL&FS Engg wins Rs 244 cr housing project in Haryana

Infrastructure company IL&FS Engineering and Construction (IL&FS Engineering Services) today said it has received a contract for construction of a Rs 244 crore housing project in Haryana.

"IL&FS Engineering Services has received a Letter of Award (LoA) from Emaar MGF Land Limited for construction of civil structure... Works of 150 numbers of residential villas "Marbella" (G+2 Storey building, including basement) at Sector 65 & 66 in Gurgaon, Haryana," the company said in a statement.

The total value of this contract is Rs 244.46 crore, it said, adding, the project is scheduled to be completed in 30 months.

The company is already executing two buildings and structures projects for Emaar MGF - Palm Terraces Select Housing Complex at Sector 66, and Palm Garden Housing Complex Project at Sector 83 in Gurgaon, entailing Rs 475 crore investment.

The company executes projects under various domains like buildings, roads, railways, irrigation, power, ports and oil & gas.

Shares of the company closed at Rs 28.75 apiece, up 9.94% from their previous close on BSE.