ITD Cementation secures order worth Rs700 crore; Stock sheds over 1.5%

30 Jun 2022 , 03:15 PM

ITD Cementation India Limited has informed to the exchanges regarding receipt of work order.

In a regulatory filing, the company said that it has received Letter of Acceptance for construction of Wharf and Approach Trestle Works from Bharat Mumbai Container Terminals Private Limited (BMCT) at Jawaharlal Nehru Port worth over Rs700 crore plus applicable taxes.

Further, the company has secured orders worth Rs6000 crore in Q1 FY23. The company’s orderbook stands at all time high of ~Rs20,000 crore, thereby providing multi year revenue visibility.

At around 3:15 PM, ITD Cementation India was trading at Rs63.90 per share down by Rs1.1 or 1.69% from its previous closing of Rs65 per share on the BSE.