 "IL&FS Engineering gains on order from GAIL")
Shares of IL&FS Engineering and Construction were up nearly 4% at Rs 58.40 on the Bombay Stock Exchange after the company said it has won an order worth Rs 173.13 crore from GAIL.
The order is for laying and construction of pipeline along with associated works at FACT Udyog Mandal of Phase-I and Kochi-Kootanand-Bangalore-Mangalore pipeline project Phase-II in Kerala.
The contract is to be mechanically completed in 24 months from date of Fax of Acceptance and with additional 2 months for commissioning and GAS-IN.
The stock opened at Rs 59 and touched a high of Rs 61. At 10:55am, over 572,000 shares were traded on both the stock exchanges.
