ITD Cementation bags order worth Rs4,600cr from Chennai Metro, Adani International Airport and Sikkim University

13 Jan 2022 , 01:53 PM

On Thursday, ITD Cementation India announced that it has won an order worth Rs4,600cr from Chennai Metro Rail, The Registrar Sikkim University, and Adani Ahmedabad International Airport.

The new order comprises of construction of tunnels with TBM and associated underground stations of Chennai Metro Line 4, Phase – II (i.e. UG 01 and UG 02 packages) in Chennai. For UG 01, Construction of UG stations at Light House, Kutchery road, Alwarpet, and Bharathidasan road including Underground Stabling Yard and Cross Over at Light House station and associated twin tunnel.

Further, the order also includes, construction of UG stations at Boatclub, Nandanam, Panagalpark, Kodambakkam, and Kodambakkam flyover including underground Cross Over at Panagal Park station and associated twin tunnel, cut & cover box, U Section and ramp, for UG 02.

Notably, thye comapny will also carry on modification and refurbishment of the Terminal 2 building at Sardar Vallabhbhai Patel International Airport in Ahmedabad for Adani Ahmedabad International Airport Limited.

Additionally, it will construct various buildings for Sikkim University – Package II at Yangang, Sikkim University Campus, for the Registrar Sikkim University.

So far in FY22, the company has secured orders aggregating to Rs6,500cr.

ITD Cementation India is currently trading at Rs87.65 up by Rs5.1 or 6.18% from its previous closing of Rs82.55 on the BSE. The scrip opened at Rs83.90 and has touched an intraday high and low of Rs89.80 and Rs83.80 respectively.