IL&FS Engineering Secures ₹414 Cr Subcontract for Jaipur Metro Phase-II

$IL&FSENGG has secured a subcontract worth ₹414.05 crore (inclusive of GST) for the Jaipur Metro Phase-II MRTS project. The order was awarded by the Lead Member of the Consortium (Main Contractor) on behalf of the Jaipur Metro Rail Corporation Limited (JMRCL). Key Highlights: Scope of Work: Design and construction of an elevated viaduct and 10 elevated stations (including Prahladpura, Sitapura, and Kumbha Marg). The work spans from chainage -600 m to 11,400 m and includes a spur line towards the depot. Exclusions: Architectural finishing for the Pinjrapole Gaushala station is excluded from this specific scope. Contract Share: This subcontract represents 49% of the total contract value for this package. Regulatory Disclosure: Announced in compliance with SEBI LODR Regulation 30. Strategic Significance: Order Book Augmentation: The ₹414 crore win significantly bolsters IL&FS Engineering’s order pipeline, providing strong revenue visibility for the near-to-medium term. Urban Infrastructure Expertise: Reinforces the company's core competencies in complex, large-scale urban transit and metro rail infrastructure projects. Sector Tailwinds: Aligns with the ongoing government push to expand mass rapid transit systems in key tier-2 cities to decongest urban traffic. Outlook: While the order provides robust top-line visibility, the execution of large civil infrastructure projects requires stringent working capital management. Investors will monitor the project's progress, margin realization, and timely billing cycles.