ITD Cementation India soars on bagging marine contract worth Rs 3,290 crore
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ITD Cementation India is currently trading at Rs. 242.85, up by 25.35 points or 11.66% from its previous closing of Rs. 217.50 on the BSE.
The scrip opened at Rs. 228.85 and has touched a high and low of Rs. 246.00 and Rs. 226.20 respectively. So far 154293 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 246.00 on 1-Sep-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. 246.00 and Rs. 207.30 respectively. The current market cap of the company is Rs. 3736.38 crore.
The promoters holding in the company stood at 46.64%, while Institutions and Non-Institutions held 18.03% and 35.34% respectively.
ITD Cementation India has secured a marine contract worth approximately Rs 3,290 crore excluding GST. The company has received a marine contract on August 31, 2023.
Earlier, the company, in joint venture with Transrail Lighting, had secured a contract in Bangladesh from Power Grid Company of Bangladesh (PGCB) worth $205 million excluding taxes and duties.
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.
