IL&FS Engineering and Construction, an infrastructure development company, witnessed a sharp rise in share price on Wednesday after it has received a letter of award (LOA) from IL&FS Maritime Infrastructure Company (IMICL) on behalf of Dighi Port for a total value of Rs 1.79 billion.
Shares of the company are trading at Rs 67.75, up Rs 5.8, or 9.36% at the Bombay Stock Exchange (BSE) on Wednesday at 11:29 a.m.
The scrip has touched an intra-day high of Rs 70 and low of Rs 65. The total volume of shares traded at the BSE is 89,167.