IL&FS Engineering and Construction Company has bagged an EPC contract from Indian Strategic Petroleum Reserves (ISPRL), ministry of petroleum and natural gas, government of India, for laying of pepeline from land fall point (LFP), Mangalore Port to Mangalore/Padur Cavem via Intermediate Valve Station (IVS) for storage of crude oil project.

The total value of the project is Rs 2.13 billion, which is to be completed in 15 months from the date of issue of LoA. The total length of the project is 50 KM.

Shares of the company gained Rs 1.70, or 2.72%, to settle at Rs 64.20 at the BSE (Thursday).