IL&FS Eng builds up
By
Research Desk
about 11 years ago
IL&FS Engineering is up strongly in the green today morning at Rs.36.10, up 3.6%, with an intra day high at Rs.36.55, which was its upper circuit limit. Volumes surged by over 2.31 times.
The stock has been up in the green since the time it announced on 1st Nov of having bagged a Rs.675 crore from Neelkamal Realtor Tower, for construction of 'Orchid Heights', a high rise residential project at Byculla in Mumbai. The project has two high rise towers with total built-up area of 28,22,134 sq ft and is to be executed over a period of 39 months.
The company is hoping that this order of a high rise residential project will open up new orders in this segment, not just in Mumbai but all over India.