The shares of the leading infrastructure company hit 5 percent upper circuit after the company bagged significant work orders from Ceigall India Limited for Rs 302.82 crore.
With a market capitalization of Rs 564 crore, the shares of IL&FS Engineering & Construction Co Ltd were trading at Rs 41.05 per share, increasing around 5 percent as compared to the previous closing Price of Rs 39.10 apiece.
Reason for Rise:-
The shares of the company have seen positive movement after IL&FS Engineering & Construction Co Ltd bagged significant work orders from Ceigall India Limited for Sub-contracting works involving Part Design and Construction of an Elevated Viaduct from Chainage 15095.24m to 26052.77m including ramp for Depot entry and restoration works within the barrication of Bhubaneswar Metro Phase-I MRTS on Back-to Back basis. This order is valued at Rs 302.82 crore.
Financial performance:-
Looking forward to the company’s financial condition, revenue increased slightly by 8 percent from Rs 72 crore in Q2FY24 to Rs 66 crore in Q2FY25, net profit decreased by 137 percent from a profit of Rs 29 crore to a loss of Rs 11 crore.
Service offered:-
The services offered include design and engineering, project development, construction management, procurement and logistics, project management, and technology deployment. These comprehensive solutions ensure efficient planning, seamless execution, and advanced technology integration for successful project delivery across various industries and sectors.
Ongoing Project:-
The company’s Roads & Bridges – Transportation unit has 9 ongoing and 8 completed projects, including the NICE Project-Bangalore, Mumbai-Pune Expressway, ORR-AP-02, Pune-Solapur Road, Trichy-Padalur Road (NH-45), Chhattisgarh (Packages 1 & 2), Bangalore Ring Road, and BETL.
Order Book:-
The company has completed the Ahmedabad Metro Project and three power projects in West Bengal. It recently secured a contract for balance works of 5.6 km of viaducts and five elevated stations for Surat Metro, worth approximately ₹359.63 crore, from SEL-SPSCPL JV.
At the start of the year, the company held orders worth ₹425 crore, emphasizing its robust project pipeline. The sector-wise order book highlights Railways & Metros (50%) and Roads (48%) as key contributors, with Power and Oil & Gas making up 1% each.
Company snapshot:-
IL&FS Engineering and Construction is a multinational infrastructure company specializing in diverse projects, including buildings, industrial structures, roads, highways, irrigation, oil and gas, power, airports, seaports, rail systems, water treatment, and industrial construction, with expertise in project management and execution across sectors.
Written by:- Abhishek Singh
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