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ITD Cementation India bags marine contract worth Rs 3,290 crore

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.

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 one of the leading Engineering and Construction Companies undertaking heavy civil, infrastructure and EPC business that operates in India with an established presence and expertise in maritime structures, mass rapid transit systems, airports, hydro-electric power, tunnels, dams & irrigation, highways, bridges & flyovers, industrial buildings and structures, foundation & specialist engineering.

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