ITD Cementation spurts ~4% on bagging new order worth Rs4,850 crore

8 Jun 2022 , 10:53 AM

ITD Cementation India Limited has received the Letter of Intent (LoI) cum notice to proceed with a road project worth Rs4,850 crore plus applicable taxes.

The order is on EPC basis for the construction of a six-lane Greenfield Expressway in Uttar Pradesh.

This is the largest EPC order received by the company in its history.

With the procurement of this order, the company achieves a record order book of Rs20,000 crore, thereby providing multi-year revenue visibility.
ITO Cementation is among the leading Engineering and Construction Companies engaged in Heavy Civil, Infrastructure, and EPC business.

The company is operating in India for nine decades with an established presence and expertise in Airports, Highways, Marine Structures, Industrial Buildings and Structures, Mass Rapid Transit Systems, Hydro-Electric Power, Tunnels, Dams & Irrigation, Bridges & Flyovers, Foundation & Specialist Engineering.

ITD Cementation is currently trading at Rs64 up by Rs2.75 or 4.49% from its previous closing of Rs61.25 on the BSE. The scrip opened at Rs61.10 and has touched intraday high and low of Rs65.40 and Rs60.90 respectively.