India’s leading Engineering Procurement and Construction Conglomerate IVRCL Infrastructures & Projects Ltd (IVRCL) has received an order worth Rs 3.58 billion from the Irrigation & CAD department of Andhra Pradesh.

Under the proposed contract, the company will execute construction of 33 kv and 132 kv electrical substations, related transmission lines and allied works in Anantpur district of Andhra Pradesh.

The company has registered a net profit of Rs 43.49 crore for the first quarter ended June 30, as compared to Rs 37.87 crore for the same period year-ago.

Stock of IVRCL Infrastructure and Projects ended the week (Friday, August 1) at 299.85, down 0.6 per cent, on the Bombay Stock Exchange.