ITD Cementation India zooms on getting LoI cum notice to proceed for road project in UP
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ITD Cementation India is currently trading at Rs. 65.40, up by 4.15 points or 6.78% from its previous closing of Rs. 61.25 on the BSE.
The scrip opened at Rs. 61.10 and has touched a high and low of Rs. 66.40 and Rs. 60.90 respectively. So far 65162 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 97.50 on 14-Jul-2021 and a 52 week low of Rs. 55.50 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 66.40 and Rs. 59.35 respectively. The current market cap of the company is Rs. 1091.71 crore.
The promoters holding in the company stood at 46.64%, while Institutions and Non-Institutions held 22.81% and 30.55% respectively.
ITD Cementation India has received Letter of Intent (LoI) cum Notice to Proceed for execution of civil and associated works on EPC basis to construct six lane Greenfield Expressway in Uttar Pradesh (UP) valued at Rs 4,850 crore plus applicable taxes. This is largest EPC order in company's history.
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.
