ITD Cementation India secures Rs 4,850 cr road project

10 Jun 2022 CW Team

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

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..