Il&fs Engineering And Construction Company

Why IL & FS Engineering & Construction shares hit 5% upper circuit?

The stock rallied after the company was retained for sub-contracting work at Bhubaneswar Metro Phase-I from Ceigall India

IL&FS to monetise its entire stake in DND flyover connecting Delhi to Noida

IL&FS has decided to sell its entire 26 per cent equity stake in Noida Toll Bridge Company Ltd (NTBCL), which owns and maintains DND flyover connecting Delhi to Noida. IL&FS has decided to monetise this marquee DND flyover, which was built in 2001, as one of the first roads to provide seamless connectivity from Delhi to Noida. IL&FS has around 26 per cent stake in NTBCL, while the Uttar Pradesh government has 5 per cent stake. The remaining shares in the listed company are with the public. The Board has decided to call for a public process to divest its share in the road project and would soon be inviting bids under this initiative, sources said. IL&FS spokesperson confirmed the decision saying "monetisation of road assets is in accordance with the approved resolution framework." The proceeds of the sale would be used for reduction of debt of IL&FS, sources said. So far, IL&FS has resolved an aggregate debt of Rs 57,000 crore and discharged an aggregate debt of

IL&FS sells 2 firms in energy business for Rs 77.5 cr to reduce debt

IEDCL sold 27.75 per cent of its stake in Urjankur Nidhi Trust, where Maharashtra Energy Development Agency has a 50 per cent stake and Shree Datta Shetkari Sakhar Karkhana Ltd holds 22.25 per cent.

IL&FS gets go-ahead to re-start work on Birpur-Bihpur road project

Work on the road project is expected to start within 15 days from the receipt of the Ministry's consent

IL&FS Engineering bags Rs 162.58 crore order from GAIL

The total length of the pipeline is 185.38 km and the total value of the contract is Rs 162.58 crore

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.