Shares of IL&FS Engineering jumped 5% following the announcement of a ₹302.82 crore contract for the Bhubaneswar Metro Phase-I MRTS project. The contract, awarded by Ceigall India Limited, includes the part design and construction of an elevated viaduct and a depot entry ramp, spanning chainage 15,095.24m to 26,052.77m. Restoration works are also part of the scope.
Key Highlights:
- Awarding Entity: Ceigall India Limited
- Project Scope: Elevated viaduct, depot ramp, and restoration
- Location: Bhubaneswar Metro Phase-I
- Duration: 18 months
- Contract Value: ₹302.82 crore
IL&FS Engineering shares opened at ₹43.05, matching their day’s high and low. The stock’s 52-week range spans from ₹18.81 to ₹51.65, reflecting significant growth potential.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
