IVRCL Infra bags order worth Rs 260.46 crore

IVRCL Infra bags order worth Rs 260.46 croreHyderabad-based company IVRCL Infrastructures & Projects Ltd has informed that the Buildings & Industrial Structures (B & IS) and Water Divisions of the Company have jointly bagged orders worth Rs 260.46 Crores.

Further, IVRCL quoted in a press release that company’s B&IS Division has picked first order worth Rs 92.51 crore from Bangalore Metro Rail Corporation for the construction of two elevated metro station viz CMH Road and Byappanahalli Station in Reach-I. The project is scheduled to be completed in 22 months.  

The second order, valued at Rs 75.77 crore was again awarded by Bangalore Metro Rail Corporation for Construction of two elevated metro station viz Old Madras Road and Ulsoor Station in Reach-I. The completion date of the project is same as above.

The third order worth Rs 38.32 crore has been secured from Indian Oil Corporation for Civil, structural and associated UG piping work of MS Quality up-gradation project at Guwahati Refinery, Guwahati. The total completion period is 15 months.

While, the company’s water division has secured order worth Rs 53.86 crore from Karnataka Urban Water Supply and Drainage Board for various project. The work is scheduled to be completed in 20 months.

Last month, the Buildings and Industrial Structures (B & IS) Division of the Company has bagged the orders of the value of Rs 746.26 crores.

At 2:40 pm, the share of IVRCL was quoting at Rs 161 on BSE, marginally above previous close. The scrip had touched an intraday high of Rs 166 and an intraday low of Rs 158.

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