ITD Cementation stocks soar after receiving Rs 950 cr order

14 May 2021 CW Team

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

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..