IL&FS Engineering and Construction bags contract worth Rs 268 cr

Posted By: Religare
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IL&FS Engineering and Construction Company today said that its arm Maytas Infra Saudi Arabia (MISA) has received the contract from Saudi Binladin Group for road drainage works with consideration of approx 268 cr.

"Maytas Infra Saudi Arabia Co. (MISA), a subsidiary of IL&FS Engineering and Construction Company Limited has received a Letter of Award (LoA) from Saudi Binladin Group for Road Drainage Works for King Abdul-Aziz International Airport Development Project-Phase1, Jeddah in Kingdom of Saudi Arabia (KSA)," the company said in a filing to the Bombay Stock Exchange. The scope of work involves construction of Road Drainage Works including excavation, steel reinforcement, concrete works, erection, and back filling, the company added in a filing.

Earlier, the apex court had granted conditional bail to Roy, stating that he has to deposit Rs.10,000 crore - Rs. 5,000 crore in cash and another Rs. 5,000 crore in bank guarantee.

Dion Global Solutions Ltd.

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