01 Dec 2023

ITD Cementation India zooms on bagging contract worth Rs 1,001 crore

ITD Cementation India is currently trading at Rs. 286.75, up by 16.30 points or 6.03% from its previous closing of Rs. 270.45 on the BSE.

The scrip opened at Rs. 296.05 and has touched a high and low of Rs. 305.00 and Rs. 284.30 respectively. So far 582828 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 305.00 on 1-Dec-2023 and a 52 week low of Rs. 93.75 on 27-Feb-2023.

Last one week high and low of the scrip stood at Rs. 305.00 and Rs. 266.40 respectively. The current market cap of the company is Rs. 4917.42 crore.

The promoters holding in the company stood at 46.64%, while Institutions and Non-Institutions held 17.81% and 35.56% respectively.

ITD Cementation India has secured a contract for Civil & Hydro-Mechanical Works of 500 MW Hydel Power, Pumped Storage Project worth approximately Rs 1,001 crore excluding GST in Andhra Pradesh. Earlier, the company had secured a marine contract worth approximately Rs 3,290 crore excluding GST.

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.