ITD Cementation bags order worth Rs 900cr from IOCL and Adani International Airport

1 Feb 2022 , 12:21 PM

ITD Cementation Ltd announced that the company has won contracts worth Rs 900 crore from Indian Oil Corporation Limited (IOCL), and Adani Ahmedabad International Airport Limited.

The company will do construction of Captive Petroleum Oil and Lubricants (POL) I LPG Marine jetty and associated mechanical, electrical, fire-fighting, and instrumentation facilities at Kamarajar Port Limited in Ennore, Tamil Nadu, for IOCL.

It will carry on modification and refurbishment work of Terminal 1 building at Sardar Vallabhbhai Patel International Airport in Ahmedabad, for Adani Ahmedabad International Airport Limited.

The company is expected to generate total revenue of Rs 900 crore from both contracts.

ITO Cementation India Limited is one of the leading Engineering and Construction Companies undertaking Heavy Civil, Infrastructure, and EPC business and operating in India for nine decades with an established presence and expertise in Marine Structures, Mass Rapid Transit Systems, Airports, Hydro-Electric Power, Tunnels, Dams & Irrigation, Highways, Bridges & Flyovers, Industrial Buildings, and Structures, Foundation & Specialist Engineering.

ITD Cementation is currently trading at Rs76.45 up by Rs1.5 or 2% from its previous closing of Rs74.95 on the BSE. The scrip opened at Rs75.75 and has touched a high and low of Rs78.65 and Rs75.35 respectively.