IL&FS Engineering and Construction Company is locked at the upper circuit of 10% at Rs 50.85 on the NSE after the company bagged an order worth Rs 268 crore.
Maytas Infra Saudi Arabia Co, a subsidiary of IL&FS, said it has received a Letter of Award from Saudi Binladin Group for road drainage works for King Abdul-Aziz International Airport Development Project, Jeddah.
The scope of work involves the construction of road drainage works including excavation, steel reinforcement, concrete works, erection, and backfilling, it added.
Early this month, the company had received a letter of intent for Rs 176 crore from Ireo Private Ltd for a residential project in Gurgaon.
The stock opened at Rs 50.45 and touched a low of Rs 48.90 on the NSE. A combined around 65,000 shares have changed hands on the counter and there are pending buy orders for 55,000 shares on the NSE and BSE at 0935 hours.
Maytas Infra Saudi Arabia Co, a subsidiary of IL&FS, said it has received a Letter of Award from Saudi Binladin Group for road drainage works for King Abdul-Aziz International Airport Development Project, Jeddah.
The scope of work involves the construction of road drainage works including excavation, steel reinforcement, concrete works, erection, and backfilling, it added.
Early this month, the company had received a letter of intent for Rs 176 crore from Ireo Private Ltd for a residential project in Gurgaon.
The stock opened at Rs 50.45 and touched a low of Rs 48.90 on the NSE. A combined around 65,000 shares have changed hands on the counter and there are pending buy orders for 55,000 shares on the NSE and BSE at 0935 hours.
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