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ITD Cementation India surges on receiving multiple LOA/LOIs worth Rs 1066 crore

ITD Cementation India is currently trading at Rs. 112.50, up by 1.45 points or 1.31% from its previous closing of Rs. 111.05 on the BSE.

The scrip opened at Rs. 114.80 and has touched a high and low of Rs. 114.80 and Rs. 112.00 respectively. So far 7493 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 1 has touched a 52 week high of Rs. 234.90 on 13-Nov-2017 and a 52 week low of Rs. 108.60 on 22-Oct-2018.

Last one week high and low of the scrip stood at Rs. 123.35 and Rs. 108.60 respectively. The current market cap of the company is Rs. 1907.70 crore.

The promoters holding in the company stood at 46.64%, while Institutions and Non-Institutions held 32.57% and 20.80% respectively.

ITD Cementation India has received multiple LOA/LOIs aggregating over Rs 1066 crore for Construction of New Integrated Passenger Terminal Building and associated facilities at Pune Airport for Airports Authority of India, Construction of Breakwater for Vizhinjam Port, Thiruvananthapuram, Kerala for Adani.

The company also received order for improving Capacity Utilisation of OR-I & OR-II Berths for Visakhapatnam Port Trust and another order for design, construction, manufacturing, supply, installation, testing and commissioning of Ballastless track work in main line for Line-7 Corridor (Andheri (East)-Dahisar (East)) of Mumbai Metro Rail Project for Mumbai Metropolitan Region Development Authority. Further, the company also received order for construction of Adits and Tunnels in connection with the new single broad gauge rail link between Rishikesh and Karanprayag, Uttarakhand for Rail Vikas Nigam.

ITD Cementation India is an India-based company involved in construction and civil engineering. The company is engaged in construction of a range of structures, which include maritime structures, mass rapid transport systems (MRTS), airports and other foundations.

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