IL&FS Engineering and Construction Company Limited
Overview
IL&FS Engineering and Construction Company Limited (IECCL) was an Indian infrastructure development and construction company. It was involved in a wide range of engineering, procurement, and construction (EPC) projects across various sectors, including transportation, power, water, and urban infrastructure. The company undertook projects such as highways, bridges, railways, power plants, water treatment facilities, and urban infrastructure development.
About Us
IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services), a subsidiary of Infrastructure Leasing & Financial Services Limited (IL&FS), was instrumental in India's infrastructure development. As part of the IL&FS group, a leading infrastructure development and finance entity, IL&FS Engineering Services specialized in executing projects, utilizing its engineering and construction capabilities to deliver high-quality infrastructure within set timelines and budgets. This significantly contributed to meeting India's growing infrastructure demands. However, the financial crisis impacting the parent IL&FS group had a cascading effect, creating substantial challenges and necessitating restructuring for IL&FS Engineering Services. This restructuring aimed to alleviate financial strain and enable the company's continued contribution to the infrastructure sector, despite the wider IL&FS organization's difficulties. The crisis underscored the interconnectedness of infrastructure companies within financial groups and their potential vulnerabilities. The focus shifted to stabilizing IL&FS Engineering Services and establishing a sustainable path forward, emphasizing efficient project management and financial responsibility. This involved streamlining operations and reinforcing financial controls to navigate the challenges and ensure the company's long-term viability and contribution to India's infrastructure landscape. The restructuring process also included a reassessment of project portfolios and strategic realignment to optimize resource allocation and enhance project execution efficiency. Ultimately, the goal was to restore confidence in IL&FS Engineering Services and reaffirm its commitment to delivering critical infrastructure projects while adhering to the highest standards of quality and financial integrity.
Headquarters
Hyderabad / Secunderabad
Specialties & Industries
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