IL&FS Engineering seals pipeline laying contracts worth Rs 123.05 crore from GAIL

IL&FS Engineering and Construction Company on Thursday said it has secured two pipeline laying contracts worth Rs 123.05 crore from Gas Authority Ltd (GAIL).

"IL&FS Engineering and Construction Company has received Fax of Acceptance (FOA) from Gas Authority Ltd for two pipeline laying contracts worth Rs 123.05 crore inKerala/Karnataka," the company said in a BSE filing.

Both the orders are part of Kochi-Koottanad-Mangalore pipeline project.

IL&FS Engineering Services added that it is already executing a part of this Kochi-Koottanad-Mangalore pipeline project for GAIL worth Rs 173.13 crore in Kerala.

Shares of IL&FS Engineering and Construction Company were trading 4.90 per cent higher at Rs 54.55 on BSE.