IL&FS Engineering and Construction Secures Subcontract for Jaipur Metro Phase-II MRTS Viaduct Design and Construction
IL&FS Engineering and Construction Company Limited has been retained through a subcontract arrangement by Jaipur Metro Rail Corporation Limited for the design and construction of Elevated Viaduct and Ten Elevated Stations for Jaipur Metro Phase-II MRTS.The contract encompasses work spanning Chainage 600 m to 11400 m, which includes the Elevated Viaduct and ten stations: Prahladpura, Manpura, Bilwa Kalan, Goner Mod, Sitapura, JECC, Kumbha Marg, Haldighati Gate, and Pinjrapole Gaushala. The scope of work also includes a spur line leading towards the Depot of Jaipur Metro Phase-II MRTS (excluding Architectural finishing).
The total cost of the contract is Rs.414.05 Crore, inclusive of GST and other taxes, representing 49% of the total Contract value awarded by Jaipur Metro Rail Corporation Limited.
IL&FS Engineering and Construction Company confirmed that it has received the requisite Letter of Award from the Lead Member of the Consortium, which serves as the Main Contractor for the project.
Stock Price Movement
The shares of IL&FS Engineering and Construction Company Ltd settled on Thursday at ₹28.00, declining 1.72%. The stock traded within an intraday range that spanned from a low of ₹27.12 to the session high of ₹28.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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