IL&FS Engineering receives Taking-Over Certificate for Assam 19 road project, shares rise

IL&FS Engineering and Construction Company has received a Taking-Over Certificate for substantial completion regarding Assam-19 Road Project from the National Highways Authority of India (NHAI).

Cheering the news, the share price of the company jumped 4.35 per cent to Rs 71.90 on Tuesday. The scrip opened at Rs 67.45 and has touched a high and low of Rs 72.95 and Rs 67.45, respectively.

The project includes widening and strengthening of existing NH-37 from 2-Lane to 4-Lane of Dharmatul to Sonapur section of NH-37 in Assam on East-West Corridor under Phase-II Programme of NHDP.

Earlier, IL&FS Engineering Services had successfully executed Assam-17 Road Project in North East India. At present, the company is executing Assam-25 Road Project, and Nagaland Road Project in North East India.