5 days ago
ITD Cementation shares in focus after securing Rs 893 crore contract for Odisha project
ITD Cementation India has secured a contract worth approximately Rs 893 crore for constructing Berth & Breakwater at a Greenfield Captive Jetty in Odisha. The project, part of its routine business, further strengthens ITD's position in maritime infrastructure and EPC services, the company said in a filing.
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About ITD Cementation
Shares of ITD Cementation India are likely to be in focus on Tuesday, June 1, after the company announced that it has secured a new contract worth approximately Rs 893 work order pertains to the construction of Berth & Breakwater for the development of Greenfield Captive Jetty(s) in Odisha. ITD Cementation India Limited has secured contract worth ~Rs 893 crore, including GS,T for construction of Berth & Breakwater for the development of Greenfield Captive Jetty(s) in Odisha,' ITD Cementation announced via a regulatory a regulatory filing, the company confirmed that the contract falls under the ordinary course of its business operations. This development strengthens ITD Cementation's position in the infrastructure and ITD Cementation , especially in maritime and port-related the past year, ITD Cementation India Limited's stock has delivered a strong return of 73.50%. On a year-to-date (YTD) basis, the stock has gained 40.14%, while the six-month and three-month returns stand at 50.21% and 41.80%, respectively. In the last month alone, the stock has surged 45.20%, reflecting strong investor interest and positive Tuesday, ITD Cementation shares closed 1.8% higher at Rs 760.20 on the Cementation India Limited is one of the leading Engineering and Construction Companies undertaking Heavy Civil, Infrastructure and EPC business and operating in India. The company brings over nine decades of experience with established expertise across diverse infrastructure segments, including maritime structures, mass rapid transit systems, airports, hydroelectric power, tunnels, dams and irrigation, highways, bridges and flyovers, industrial and commercial buildings, water and wastewater management, as well as foundation and specialist engineering.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
