IL&FS Eng Services wins Rs 240 cr RE power contracts

IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) has won Rs 239.6 crore contracts for rural electrification (RE), the company said today.

"IL&FS Engineering Services has bagged two contracts from PVVNL (Paschimanchal Vidhyut Vitran Nigam Limited), a discom of Uttar Pradesh state for RE works with value of Rs 145.55 crores, and Rs 94.05 crores respectively totalling Rs 239.6 crores in Uttar Pradesh," the company said in a statement.

The first contract involves RE work of villages in Moradabad district while the second pertains to villages of Amroha (JP Nagar) district in Uttar Pradesh under Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) on turnkey basis, the statement added.

The completion period for both these contracts is 24 months.

IL&FS Engineering Services is a infrastructure development, Construction and Project Management company.

The company's shares were trading at Rs 66.50 apiece on BSE, down 2.21% from its previous close.