The stock gained 5.38 per cent to settle at Rs 54.80 on BSE. During the day, it jumped 9 per cent to Rs 56.70.
On NSE, shares of the company rose by 6.17 per cent to close at Rs 55.
"IL&FS Engineering and Construction Company has received Fax of Acceptance (FOA) from Gas Authority Ltd for two pipeline laying contracts worth Rs 123.05 crore in Kerala/Karnataka," the company said in a BSE filing.
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