ITD Cementation India secures Rs 4,850 cr road project
ROADS & HIGHWAYS

ITD Cementation India secures Rs 4,850 cr road project

ITD Cementation India Limited increased by 4.73% to Rs 64.15 after the company announced that it had received a letter of intent cum notice to proceed with a road project worth Rs 4,850 crore in Uttar Pradesh.

The company has secured a letter of intent cum notice to execute the civil and associated works on an Engineering, Procurement and Construction (EPC) model to construct a six-lane greenfield expressway in Uttar Pradesh worth Rs 4,850 crore.

The company told the media that it is the single-largest EPC order in its history. The company has achieved a record order book of Rs 20,000 crore, which provides multi-year revenue visibility.

It is an engineering and construction company that works on heavy civil, infrastructure and EPC businesses. The company has established presence and expertise in marine structures, mass rapid transit systems (RTS), airports, hydroelectric power, tunnels, dams and irrigation, national highways, bridges and flyovers, expressways, industrial buildings and structures, foundation and specialist engineering.

The company reported a drop of 68.8% in consolidated net profit to Rs 16.38 crore, with a 19.3% surge in net sales to Rs 1,173.84 crore in the fourth quarter (Q4) of FY22, compared to Q4 FY21.

Image Source

Also read: Adani Enterprises bags Rs 17,000 cr expressway project in UP under PPP

ITD Cementation India Limited increased by 4.73% to Rs 64.15 after the company announced that it had received a letter of intent cum notice to proceed with a road project worth Rs 4,850 crore in Uttar Pradesh. The company has secured a letter of intent cum notice to execute the civil and associated works on an Engineering, Procurement and Construction (EPC) model to construct a six-lane greenfield expressway in Uttar Pradesh worth Rs 4,850 crore. The company told the media that it is the single-largest EPC order in its history. The company has achieved a record order book of Rs 20,000 crore, which provides multi-year revenue visibility. It is an engineering and construction company that works on heavy civil, infrastructure and EPC businesses. The company has established presence and expertise in marine structures, mass rapid transit systems (RTS), airports, hydroelectric power, tunnels, dams and irrigation, national highways, bridges and flyovers, expressways, industrial buildings and structures, foundation and specialist engineering. The company reported a drop of 68.8% in consolidated net profit to Rs 16.38 crore, with a 19.3% surge in net sales to Rs 1,173.84 crore in the fourth quarter (Q4) of FY22, compared to Q4 FY21. Image Source Also read: Adani Enterprises bags Rs 17,000 cr expressway project in UP under PPP

Next Story
Technology

AI-powered laser welding from TRUMPF boosts auto manufacturing quality

TRUMPF is using artificial intelligence (AI) to increase productivity in automotive manufacturing. The high-tech company has developed an AI solution that checks the quality of components, such as batteries for electric cars, immediately after laser welding, identifies possible defects and enables repairs in the laser welding station. "This enables users to reduce their manufacturing costs because the AI solution can replace other time-consuming quality inspections," says Martin Stambke, the TRUMPF product manager responsible for AI quality inspection. The first customers from the automotive i..

Next Story
Real Estate

Real estate expects boost as RBI MPC meeting nears with rate cut hopes

The Monetary Policy Committee is scheduled to convene on April 7, 8, and 9, 2025, to assess the current economic landscape and determine the direction of interest rates. Experts and industry stakeholders are closely monitoring the meeting, as any decision regarding a potential change in the repo rate could have significant implications for borrowing costs, market liquidity, and overall economic momentum. The outcome of this review will play a crucial role in shaping financial and investment strategies across various sectors. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd...

Next Story
Infrastructure Urban

Maxxdrive industrial gear units by Nord Drivesystems

Although relatively new, the MAXXDRIVE® industrial gear units from NORD DRIVESYSTEMS are among the established drive solutions for heavy-duty applications. Apart from conveying, lifting and driving, mixing and agitating are among the most important application areas. For the agitators in a non-standard biogas plant in the Netherlands, the powerful industrial gear units significantly contribute to the implementation of gas production. MAXXDRIVE® industrial gear units from NORD DRIVESYSTEMS can be found in all industrial applications, where high performance and high ratios are required. They..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?