IL&FS Engineering JV Bags Rs 136.3 Crore Project; Shares Rise
IL&FS Engineering and Construction Company Ltd. shares gained close to 5.6 percent at 10 am, after it announced that its joint venture with Unitech Power Transmission Ltd. won a Rs 136.26 crore project from the Power Grid Corporation of India Ltd.
The project entails execution of turnkey works for 765 kilovolt Bhuj-Banaskanta transmission line in Gujarat, the company said in a press release. The project completion period is 23 months from the date of issue of the letter of award, the company added.
IL&FS Engineering is the lead partner for this contract.
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