IL&FS Engineering and Construction on Monday said it has received a Letter of Intent (LOI) from IPTF, Fujairah, FZC for oil pipeline work at Port of Fujairah for an amount of Rs 71.4 crore.
The scope of work, to be carried on the engineering, procurement and construction (EPC) basis, consists of laying six pipelines from the IPTF terminal at Fujairah to the Port of Fujairah for evacuation of white oil and black oil products, the company said in a statement.
The project completion time is 12 months from the commencement date. IL&FS in engaged in various business domains such as buildings and structures, roads, railways, irrigation, power, and oil and gas.
ILandFS Engg stock price
On December 01, 2015, at 12:57 hrs ILandFS Engineering and Construction Company was quoting at Rs 60.15, down Rs 0.7, or 1.15 percent. The 52-week high of the share was Rs 116.30 and the 52-week low was Rs 55.20.
The latest book value of the company is Rs 12.33 per share. At current value, the price-to-book value of the company was 4.88.
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