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ITD Cementation jumps on receiving LOAs worth Rs 3400 crore

ITD Cementation India is currently trading at Rs. 66.05, up by 3.10 points or 4.92% from its previous closing of Rs. 62.95 on the BSE.

The scrip opened at Rs. 63.00 and has touched a high and low of Rs. 66.05 and Rs. 61.30 respectively. So far 127028 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 143.40 on 12-Mar-2019 and a 52 week low of Rs. 35.00 on 17-Oct-2019.

Last one week high and low of the scrip stood at Rs. 66.05 and Rs. 51.65 respectively. The current market cap of the company is Rs. 1134.66 crore.

The promoters holding in the company stood at 46.64%, while Institutions and Non-Institutions held 32.10% and 21.26% respectively.

ITD Cementation India has received Letters of Acceptance (LOAs) valued over Rs 3400 crore from various government entities. The company has received LOA from Bangalore Metro Rail Corporation for Design & Construction of Underground Structures (Tunnels & 4 Stations) of length 4.591 Km (approximately) from South of Tannery Road Station to North Ramp including Allied works in Reach-6 Line of Bangalore Metro Rail Project, Phase-2.

The company has also received three LOAs from IRCON International for Tunnelling works on Sivok (West Bengal) to Rangpo (Sikkim) New Single Broad Gauge Railway Line Project comprising of Construction of 6 Tunnels. The company has received another LOA from Municipal Corporation of Greater Mumbai for Construction of Sewer Tunnel and allied works along S.V. Road by Segmental Tunnelling Method.

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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