IL&FS Engineering and Construction, an infrastructure development company, announced that the company has bagged two individual contracts from PVVNL (Paschimanchal Vidhyut Vitran Nigam), a discom of Uttar Pradesh state for Rural Electrification (RE) works with value of Rs 1.46 billion and Rs 0.941 billion (940.5 million) respectively totalling Rs. 2.39 billion in Uttar Pradesh.

The first contract involves RE work of villages of Moradabad district and the second contract involves RE works of villages of Amroha (JP Nagar) district in Uttar Pradesh under Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) 12th Plan on turnkey basis. The completion period for both these contracts is 24 months.

Shares of the company gained Rs 0.2, or 0.29%, to trade at Rs 68. The total volume of shares traded was 11,817 at the BSE (9.31 a.m., Thursday).