Traders are buying shares of ILandFS Engineering taking the stock up 5 percent in intraday trade on Tuesday. The company has bagged a Rs 675 crore high rise residential project at Byculla in Mumbai.
"IL&FS Engineering and Construction has received a Letter of Award (LoA) from Neelkamal Realtor Tower Private for construction of 'Orchid Heights', a high rise residential project at Byculla in Mumbai," the company said.
The project has two high rise towers with total built-up area of 28,22,134 sq ft. The company is expecting it to be completed in 39 months. The current market cap of the company is Rs 316 crore.
At 11:51 hrs, the stock was quoting at Rs 36.50, up Rs 1.65, or 4.73 percent on the BSE.
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