IL&FS Engineering surges over 13% on Rs 464 cr order win

MUMBAI: Shares of IL&FS Engineering surged over 13 per cent in trade after its subsidiary bagged Rs 464 crore order in Saudi Arabia.

Maytas Infra Saudi Arabia, a subsidiary of IL&FS Engineering, has received a contract from Saudi Binladin Group for construction of Abraj Kudai Project-P1360 in Makkah, Saudi Arabia.

The project is to be completed in a period of 32 months.

The scope of the work includes supply, delivery, installation, supervision, as built, and handing over of structural and reinforcement concrete works for two towers which are 230 meters in height.