IL&FS Engg & Const Company
23.15
-1.21(-4.97%)
Market Cap₹303.55 Cr
PE Ratio-223.09
IndustryConstruction
Company Performance:
1D-4.97%
1M-9.92%
6M-23.70%
1Y-40.76%
5Y+684.75%
View Company Insightsright
More news about IL&FS Engg & Const Company
15Nov 25
IL&FS Engineering Reports Significant Losses Amid Ongoing Resolution Process
IL&FS Engineering and Construction Company, under NCLAT's resolution framework, reported substantial financial losses in its latest unaudited results. The company's accumulated losses stand at Rs. 3,61,156.00 lakhs with fully eroded net worth. Despite financial challenges, a successful bid has been approved by the Committee of Creditors and awaits final approvals from Justice D.K. Jain and NCLT. The company's Board of Directors approved the unaudited financial results for Q2 and H1 on November 14, adhering to SEBI regulations.
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11Aug 25
IL&FS Engineering Reports 51.8% Revenue Decline and Widened Losses in Q1
IL&FS Engineering & Construction Company experienced a 51.8% drop in revenue to Rs 41.22 crore and increased net loss to Rs 9.42 crore in Q1. The company faces operational challenges due to project completions and contract cancellations. With fully eroded net worth and current liabilities exceeding assets by Rs 3,829.36 crore, IL&FS is categorized as a 'Red' entity. A resolution process is underway, with a bid from an unincorporated consortium approved by creditors, awaiting further approvals. The company's future depends on the successful implementation of this resolution plan.
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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.
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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.
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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.
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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.
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1 Year Returns:-40.76%
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