IL&FS Engg & Const Company
25.40
-0.84(-3.20%)
Market Cap₹333.05 Cr
PE Ratio-201.54
IndustryConstruction
Company Performance:
1D-3.20%
1M-5.82%
6M-28.35%
1Y-37.61%
5Y+504.76%
View Company Insightsright
More news about IL&FS Engg & Const Company
26Jul 25
IL&FS Engineering Loses Bhubaneswar Metro Sub-Contract as DMRC Terminates Main Project
IL&FS Engineering & Const Company's sub-contract for the Bhubaneswar Metro Project has been terminated following the cancellation of the main contract by Delhi Metro Rail Corporation Limited (DMRC). The company had a back-to-back arrangement with Ceigall India Limited for part design and construction of elevated viaduct and six elevated stations. IL&FS Engineering is taking steps to claim damages and compensation, including costs related to demobilization. The company has made necessary disclosures to stock exchanges and closed the trading window for Designated Persons.
24Apr 25
IL&FS Engineering Sees Potential Turnaround with Howen International Fund's ₹350 Crore Bid
IL&FS Engineering & Construction's committee of creditors has approved a ₹350 crore offer from Howen International Fund SPC for a 42.25% stake in the company. The bid, approved by 82% of creditors, could lead to a recovery of up to 80% of the company's ₹2,000 crore external debt. This development may significantly impact creditors, shareholders, and the broader infrastructure sector in India.
22Apr 25
IL&FS Engineering's Stake Sale: CoC Approves Revised Bid from Howen International Fund
The Committee of Creditors (CoC) of IL&FS Engineering has approved a revised financial bid from Howen International Fund SPC for acquiring a 42.25% stake in the company. The CoC, representing 82.58% in value, voted on the resolution. The stake is currently held by Infrastructure Leasing & Financial Services Limited and IL&FS Financial Services Limited. This approval is part of IL&FS Engineering's ongoing financial restructuring process, subject to various statutory and non-statutory approvals. The trading window for the company's securities has been closed since February 25, 2025, for designated persons and their immediate relatives.
25Mar 25
IL&FS Engineering Faces Scrutiny: Indian Overseas Bank Issues Show Cause Notice
IL&FS Engineering received a show cause notice from Indian Overseas Bank regarding the classification of its Rs 123.00 crore loan account as a suspicious fraud account. The notice, dated March 17, 2025, pertains to transactions from April 1, 2013, to September 30, 2018. The company states this is part of the ongoing IL&FS crisis resolution process under NCLAT supervision. Separately, Ms. Lubna Ahmad Usman was appointed as a Non-executive Nominee Director.
1 Year Returns:-37.61%
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