IL&FS Engineering and Construction Company Limited — Important, 29-12-2024: General Updates

IL&FS Engineering and Construction Company Limited has secured a subcontract for the design and construction of an elevated viaduct, with a length spanning approximately 15,095.24 m to 26,052.77 m, part of the Bhubaneswar Metro Phase-I MRTS project. This contract, valued at ₹302.82 Crore, has been awarded by Ceigall India Limited and has a completion timeline of 18 months. The work includes ramp construction for depot entry and restoration efforts within the project's boundaries. Importantly, this contract does not involve any interests from promoters or related parties, establishing a transparent and feasible engagement for the company. This development situates IL&FS Engineering to enhance its portfolio and strengthen its market presence in the growing metro infrastructure sector. Positive outlook ahead as this could drive further growth opportunities.