IL&FS Engineering and Construction Company gained 2.83% to Rs 54.50 at 12:20 IST on BSE after the company announced that it has received an order worth Rs 52.40 crore for laying pipeline.
The announcement was made by the company during market hours today, 21 January 2016.Meanwhile, the S&P BSE Senses was down 123.96 points or 0.52% at 23,948.44.
On BSE, so far 8,587 shares were traded in the counter as against average daily volume of 35,694 shares in the past one quarter. The stock hit a high of Rs 56 and a low of Rs 53.30 so far during the day. The stock had hit a 52-week high of Rs 116.30 on 24 February 2015. The stock had hit a 52-week low of Rs 52 on 20 January 2016.
The small-cap company has equity capital of Rs 121.16 crore. Face value per share is Rs 10.
IL&FS Engineering and Construction Company said that the company has received a letter of acceptance (LOA) from GAIL (India) for laying and construction of pipeline along with associated works for pipeline replacement project in Gujarat region. The total value of the contract is Rs 52.40 crore and is to be completed within 16 months from the date of issue of LOA.
IL&FS Engineering and Construction Company reported a net loss of Rs 81.87 crore in Q2 September 2015, higher than net loss of Rs 37.89 crore in Q2 September 2014. Net sales declined 36.7% to Rs 352.07 crore in Q2 September 2015 over Q2 September 2014.
IL&FS Engineering and Construction Company is into infrastructure development, construction and project management.
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