ITD Cementation India secures Rs 4,850 cr road project
ROADS & HIGHWAYS

ITD Cementation India secures Rs 4,850 cr road project

ITD Cementation India Limited increased by 4.73% to Rs 64.15 after the company announced that it had received a letter of intent cum notice to proceed with a road project worth Rs 4,850 crore in Uttar Pradesh.

The company has secured a letter of intent cum notice to execute the civil and associated works on an Engineering, Procurement and Construction (EPC) model to construct a six-lane greenfield expressway in Uttar Pradesh worth Rs 4,850 crore.

The company told the media that it is the single-largest EPC order in its history. The company has achieved a record order book of Rs 20,000 crore, which provides multi-year revenue visibility.

It is an engineering and construction company that works on heavy civil, infrastructure and EPC businesses. The company has established presence and expertise in marine structures, mass rapid transit systems (RTS), airports, hydroelectric power, tunnels, dams and irrigation, national highways, bridges and flyovers, expressways, industrial buildings and structures, foundation and specialist engineering.

The company reported a drop of 68.8% in consolidated net profit to Rs 16.38 crore, with a 19.3% surge in net sales to Rs 1,173.84 crore in the fourth quarter (Q4) of FY22, compared to Q4 FY21.

Image Source

Also read: Adani Enterprises bags Rs 17,000 cr expressway project in UP under PPP

ITD Cementation India Limited increased by 4.73% to Rs 64.15 after the company announced that it had received a letter of intent cum notice to proceed with a road project worth Rs 4,850 crore in Uttar Pradesh. The company has secured a letter of intent cum notice to execute the civil and associated works on an Engineering, Procurement and Construction (EPC) model to construct a six-lane greenfield expressway in Uttar Pradesh worth Rs 4,850 crore. The company told the media that it is the single-largest EPC order in its history. The company has achieved a record order book of Rs 20,000 crore, which provides multi-year revenue visibility. It is an engineering and construction company that works on heavy civil, infrastructure and EPC businesses. The company has established presence and expertise in marine structures, mass rapid transit systems (RTS), airports, hydroelectric power, tunnels, dams and irrigation, national highways, bridges and flyovers, expressways, industrial buildings and structures, foundation and specialist engineering. The company reported a drop of 68.8% in consolidated net profit to Rs 16.38 crore, with a 19.3% surge in net sales to Rs 1,173.84 crore in the fourth quarter (Q4) of FY22, compared to Q4 FY21. Image Source Also read: Adani Enterprises bags Rs 17,000 cr expressway project in UP under PPP

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Next Story
Infrastructure Transport

Saarstahl Rail to Supply Tracks for Bengaluru Suburban Rail Project

Rail Infrastructure Development Company Karnataka Limited (K-RIDE) has identified Saarstahl Rail as the lowest bidder for the track supply contract in the Bangalore Suburban Railway Project. The selected contractor will be responsible for supplying 60E1 (UIC 60), 1080 HH Grade rails in accordance with IRS-T-12-2009 standards (including all amendments and correction slips) for two specific sections: Corridor 2, from Baiyappanahalli to Chikkabanavara, and Corridor 4, between Heelalige and Rajankunte.The tender for this supply contract, which includes a completion deadline of 365 days, was issued..

Next Story
Infrastructure Transport

Railways Unveils Major Reforms to Improve Train Controller System

In a major initiative to enhance railway safety and efficiency, the Ministry of Railways has introduced a series of reforms aimed at improving the functioning and working conditions of train controllers. The measures focus on strengthening domain expertise, ensuring performance accountability, and addressing the high-stress nature of the job.Under the new guidelines, train controllers will be required to serve a minimum of three years in the control office to build sufficient operational knowledge. Only experienced and high-performing traffic inspectors and station masters with strong service ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?