IL&FS Engineering and Construction Company witnessed a sharp rise in share price on Tuesday after the company has received a Letter of Award (LoA) from National Highways Authority of India (NHAI) for a total value of Rs 12.32 billion for four laning of Patna-Gaya-Dobhi Section of NH-83 from km 0.000 to km 127.217 in the state of Bihar to be executed under JICA ODA Loan Assistance. The project completion period is 1,095 days from commencement date.

Shares of the company are trading at Rs 63.10, up Rs 8.55, or 15.67% at the Bombay Stock Exchange (BSE) on Tuesday at 10:49 a.m.

The scrip has touched an intra-day high of Rs 65.45 and low of Rs 62.20. The total volume of shares traded at the BSE is 407,033.