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IL&FS Engineering surges on winning Rs 533 crore Nagpur Metro Rail project

The stock rallied 15% to Rs 58.60 on the BSE in early morning trade.

Metro trains on trial run between Mittuguda and Nagole, in Hyderabad  on Friday, December 18, 2015 PTI
Metro trains on trial run between Mittuguda and Nagole, in Hyderabad on Friday, December 18, 2015 PTI

IL&FS Engineering and Construction Company has rallied 15% to Rs 58.60 on the BSE in early morning trade after the company late Friday announced that it has won the Rs 532.67-crore contract from Nagpur Rail Corporation. "IL&FS Engineering Services has received a Letter of Acceptance (LoA) from Nagpur Metro Rail Corporation Limited (A Joint Venture of Government of India & Government of Maharashtra) for Rs 532.67 crore Nagpur Metro Rail Project," the company said in a statement. The project involves construction of seven elevated metro stations, and three at-grade ...