IL&FS Engineering gains on order worth Rs 191 crore

The order is for rural electrification works in Shahjahanpur district of UP

Shares of IL&FS Engineering and Construction were up nearly 2% at Rs 64.75 on the Bombay Stock Exchange after the company said it has won fresh orders worth Rs 191 crore.

The order is from Madhyanchal Vidyut Vitran Nigam Ltd for rural electrification works in Shahjahanpur district of Uttar Pradesh on a turnkey basis under Government of India Scheme of Deen Dayal Upadhyay Gram Jyoti Yojana Phase-II and the total value of the contract is Rs 190.88 crore, the company said in a release.

The stock opened at Rs 63.65 and touched a high of Rs 65. At 11:20AM, over 45,000 shares were traded on both the stock exchanges.