ILFS Engineering up 6% on ILFS Maritime Infra order

ILandFS Engineering and Construction Company surged as much as 6 percent to touch an intraday high of Rs 61.45 on Friday as the company has received order worth Rs 168 crore from IL&FS Maritime Infra.

The company said they have received a letter of award from IL&FS Maritime Infrastructure Company on behalf of Dighi Port for engineering, procurement and construction (EPC) of multipurpose berth, backup yard development and utilities of multipurpose terminal on north side of Dighi port, Maharashtra.

At 14:08 hours IST, the stock rose 1.9 percent to close at Rs 59.10 amid large volumes.

Trading volumes increased 387.83 percent to 51,429 equity shares as compared to its five day average of 10,542 shares. Market capitalisation of the company stands at Rs 533 crore.

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