IL&FS Engg bags Rs 71.4 cr order for oil pipeline work

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.
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Apr 23, 2013, 09.38 AM | Source: PTI

IL&FS Engg bags Rs 71.4 cr order for oil pipeline work

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.

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IL&FS Engg bags Rs 71.4 cr order for oil pipeline work

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.

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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 April 29, 2016, ILandFS Engineering and Construction Company closed at Rs 47.00, up Rs 0.45, or 0.97 percent. The 52-week high of the share was Rs 93.70 and the 52-week low was Rs 39.30.


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 3.81.

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IL&FS Engg bags Rs 71.4 cr order for oil pipeline work

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