India's IL&FS Engineering gains on sub-contract for metro viaduct

Ceigall India

30/12/2024 05:34

** Shares of IL&FS Engineering and Construction  ILFE.NS 
rise 5% to 43.1 rupees
    ** Stock on track for best one day pct gain since late-Oct
    ** Co gets sub-contract to part design and build elevated
viaduct within Bhubaneswar Metro
    ** Deal from Ceigall India  CEIG.NS  worth 3.03 bln rupees
($35.4 mln); CEIG off about 2%
    ** More than 30,000 shares change hands, 2.6x the 30-day avg
    ** Stock up 39% YTD, eyes fifth straight yearly gain
 
 ($1 = 85.4960 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))