Hyderabad-based construction and engineering firm IL&FS Engineering and Construction Company Ltd has bagged new project worth Rs 677.8 crore West Bengal government run utilities.

“IL&FS Engineering and Construction Company Ltd has emerged as the Lowest Bidder for two Rural electrification (RE) works and additional two Integrated Power Development Works (IPDS) of West Bengal State Electricity Distribution Company Limited (WBSEDCL), Kolkata worth Rs 677.8 crore”, said the company in a regulatory filing.

The RE works under DDUGJY includes a project worth Rs 179.7 crore for 24 Paraganas North Bidhannagar and 24 Paraganas South along with a Rs 176.3 crore order for Paschim Medinipur. Additional two projects of Rs 162.2 crore and Rs 159.6 crore respectively have been awarded to the company under the Integrated Power Development Works, the company said.

“IL&FS Engineering Services is already working in 24 Paraganas South and North for RE works for WBSEDCL worth around Rs 657 crore, and has electrified more than 2,500 villages in these areas. Also, IL&FS Engineering Services has completed works for RE in West Midnapore in 2015 for 2,460 villages”, it said.

According to the filing, Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY)-RE contracts are being funded by Rural Electrification Corporation (REC) and IPDS contracts are being funded by Power Finance Corporation (PFC). The projects are slted to go on stream in 24 months, it added.

IL&FS shares closed trading at Rs 42.50, down 2.86%, on BSE on Friday.

here is company details.

 

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