 "IL&FS Engineering zooms 20% on winning road project in Bihar")
IL&FS Engineering and Construction Company is locked in upper circuit of 20% at Rs 65.45 on BSE after the company said it has won a Rs 1,232 crore order from National Highways Authority of India (NHAI) for widening the 127 km Patna-Gaya-Dobhi section of NH 83 in Bihar.
“The company has received a letter of award (LoA) from National Highways Authority of India (NHAI) for a total value of Rs 1,232 crore for four laning of Patna-Gaya-Dobhi Section of NH-83 from km 0.000 to km 127.217 in the state of Bihar to be executed under JICA ODA Loan Assistance. The project completion period is 1095 days from commencement date,” IL&FS Engineering said in a statement.
The widening of the national highway to four lanes is expected to boost tourism in Bihar as it the project falls in the Buddhist circuit, it added.
At 0955 hours, a combined 618,284 shares changed hands and there are pending buy orders for 169,622 shares on NSE and BSE.
“The company has received a letter of award (LoA) from National Highways Authority of India (NHAI) for a total value of Rs 1,232 crore for four laning of Patna-Gaya-Dobhi Section of NH-83 from km 0.000 to km 127.217 in the state of Bihar to be executed under JICA ODA Loan Assistance. The project completion period is 1095 days from commencement date,” IL&FS Engineering said in a statement.
The widening of the national highway to four lanes is expected to boost tourism in Bihar as it the project falls in the Buddhist circuit, it added.
At 0955 hours, a combined 618,284 shares changed hands and there are pending buy orders for 169,622 shares on NSE and BSE.