 "IL&FS Engineering surges on winning Rs 180 crore Dighi Port contract")
Share of IL&FS Engineering and Construction Company has surged 12% to Rs 69.30 on BSE after the company said it has bagged a contract worth Rs 179.84 crore for development of multipurpose terminal berth at Dighi Port.
"IL&FS Engineering Services has received a Letter of Award (LoA) from IL&FS Maritime Infrastructure on behalf of Dighi Port, valued at Rs 179.84 crore for engineering, procurement, and construction of multipurpose berth, backup yard development, and utilities of multipurpose terminal berth 5 on north side of the port in Agardanda in Maharashtra," the company said in a press release.
The scope of the contract includes design and constructions of multipurpose berth, reclamation of 50 acre of backup area and other works like paved area, buildings, internal roads among others.
The project is expected to be completed in 545 days from the date of notice to proceed, it said.
The stock opened at Rs 65.25 and hit a high of Rs 70 on BSE. At 1027 hours, a combined 499,466 shares changed hands on BSE and NSE.
"IL&FS Engineering Services has received a Letter of Award (LoA) from IL&FS Maritime Infrastructure on behalf of Dighi Port, valued at Rs 179.84 crore for engineering, procurement, and construction of multipurpose berth, backup yard development, and utilities of multipurpose terminal berth 5 on north side of the port in Agardanda in Maharashtra," the company said in a press release.
The scope of the contract includes design and constructions of multipurpose berth, reclamation of 50 acre of backup area and other works like paved area, buildings, internal roads among others.
The project is expected to be completed in 545 days from the date of notice to proceed, it said.
The stock opened at Rs 65.25 and hit a high of Rs 70 on BSE. At 1027 hours, a combined 499,466 shares changed hands on BSE and NSE.