ITD Cementation India, a construction major in India, recently announced through its BSE filing that the company bagged five contracts estimated to be worth over Rs 34 billion, for major infrastructure projects in the country.
As reported, the company has received a total of 5 letters of acceptance (LoAs) from three major projects.
Reportedly, one of the contracts is worth Rs 17.71 billion and has been signed with the Bangalore Metro Rail Corporation (BMRCL) for the design and construction of underground structures (tunnels and four stations) of an approximate of length 4.591 km from the south of Tannery Road Station to the North Ramp, including allied works in Reach-6 Line of Bangalore Metro Rail Project, Phase-2.
Additionally, the company has received three LOAs from IRCON International for tunnelling works on Sivok in West Bengal to Rangpo in Sikkim – a new single broad gauge railway line project which consists of the construction of six tunnels.
The final contract includes one LOA, received from the Municipal Corporation of Greater Mumbai – for the construction of a sewer tunnel and allied works along SV Road by Segmental Tunnelling Method.