ITD Cementation stocks soar after receiving Rs 950 cr order
ECONOMY & POLICY

ITD Cementation stocks soar after receiving Rs 950 cr order

Stock price of construction engineering company ITD Cementation India increased by 3.02% to Rs 81.90 after the company received orders worth Rs 950 crore.

The company has received a Letter of Authorisation (LoA) from the Government of India for the provision of infrastructure works such as roads and bridges, drains, water supply, sewerage, slope protection, waste management, power system including water and sewage treatment plants, and operation and maintenance of selected facilities during operation and maintenance (O&M) period. The order is worth Rs 898 crore.

Technip also granted it a letter of authorisation for piling and ground improvement work in Paradip. The order is valued at Rs 52 crore.

ITD Cementation India is a construction company that has a strong presence in marine structures, mass rapid transit systems, airports, hydroelectric power, tunnels, dams, and irrigation, highways, bridges, and flyovers, industrial buildings and structures, foundations, and specialist engineering.

In Q3 FY21, the company reported a 191.92 % increase in consolidated net profit to Rs 29.98 crore on an 11.92 % increase in net sales to Rs 791.69 crore over Q3 FY20.

Image Source


Also read: Mining and construction equipment industry to grow by 15-20%: ICRA

Also read: Covid-19 second wave may not impact overall construction activities: ICRA

Stock price of construction engineering company ITD Cementation India increased by 3.02% to Rs 81.90 after the company received orders worth Rs 950 crore. The company has received a Letter of Authorisation (LoA) from the Government of India for the provision of infrastructure works such as roads and bridges, drains, water supply, sewerage, slope protection, waste management, power system including water and sewage treatment plants, and operation and maintenance of selected facilities during operation and maintenance (O&M) period. The order is worth Rs 898 crore. Technip also granted it a letter of authorisation for piling and ground improvement work in Paradip. The order is valued at Rs 52 crore. ITD Cementation India is a construction company that has a strong presence in marine structures, mass rapid transit systems, airports, hydroelectric power, tunnels, dams, and irrigation, highways, bridges, and flyovers, industrial buildings and structures, foundations, and specialist engineering. In Q3 FY21, the company reported a 191.92 % increase in consolidated net profit to Rs 29.98 crore on an 11.92 % increase in net sales to Rs 791.69 crore over Q3 FY20. Image SourceAlso read: Mining and construction equipment industry to grow by 15-20%: ICRA Also read: Covid-19 second wave may not impact overall construction activities: ICRA

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?