Maytas Infra Saudi Arabia Co. (MISA),  a subsidiary of IL&FS Engineering and Construction Company has received a Letter of Award (LoA) worth Saudi Riyals 166.89 million (equivalent to Rs 2.68 billion) from Saudi Binladin Group.

This is for road drainage works for King Abdul-Aziz International Airport Development Project-Phase1, Jeddah in Kingdom of Saudi Arabia (KSA).

The scope of work involves construction of road drainage works including excavation, steel reinforcement, concrete works, erection, and backfilling.

Shares of the company gained Rs 1.65, or 3.7%, to settle at Rs 46.30. The total volume of shares traded was 13,878 at the BSE (Monday).