IL&FS Engineering and Construction Company (IL&FS Engineering Services) has received Fax of Acceptance (FOA) from Gas Authority of India (GAIL) for 157.8 km long 30'' diameter pipeline laying works for Dobhi-Durgapur-Haldia Pipeline Section (Part B) along with 13.28 km long 12'' diameter spurline under Jagdishpur Haldia/Bokaro-Dhamra Natural Gas pipeline (JHBDPL) project in Jharkhand/West Bengal states. The total value of the contract is Rs 2.15 billion (Excluding GST) and is to be mechanically completed in 15 months from date of FOA and additional 2 month for pre-commissioning & commissioning.
Recently, IL&FS Engineering Services also won a pipeline laying contract from GAIL worth Rs 1.23 billion in Kerala/Karnataka.
IL&FS Engineering Services is already executing pipeline projects for GAIL worth Rs 3.35 billion in Kerala and Bihar states.
Shares of the company gained Rs 2.55, or 4.99%, to trade at Rs 53.65. The total volume of shares traded was 28,363 at the BSE (10.19 a.m., Monday).