IL&FS Engineering and Construction Company Limited has informed the Exchange regarding ''.
IL&FSENGG · price
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IL&FS Engineering and Construction Company held its 36th Annual General Meeting on 21st August 2025 via video conferencing. The Chairman highlighted that the Company continues to operate as a going concern amid the ongoing IL&FS resolution process approved by NCLAT, and noted that the Committee of Creditors has approved the financial bid of a Bidder-cum-Investor, which is currently going through required processes. Revenue from operations rose significantly to Rs 321 crore in FY25 from Rs 258 crore in the previous year, driven by improved operational performance. The order book stood at Rs 635 crore as of 31st March 2025, though a back-to-back DMRC metro EPC contract in Bhubaneswar was shelved due to the client reconsidering the project. The Chairman also pointed to rising national infrastructure spending, which grew from Rs 10 lakh crore in FY24 to Rs 11.2 lakh crore in FY26.
The approval of a bidder's financial bid by the Committee of Creditors is a key positive development for shareholders awaiting resolution of the long-pending IL&FS crisis. The revenue growth and order book provide operational stability, but the shelved DMRC contract and unresolved status keep the stock in a speculative zone.