IVRCL Infra Wins Order Worth Rs 359.52 Crore

IVRCL Infra Wins Order Worth Rs 359.52 CroreHyderabad based IVRCL Infrastructures & Projects has informed the market that it has bagged project orders worth Rs.359.52 crore from different agencies for construction related works.

In a disclosure to the Bombay Stock Exchange, the company has received the first order of Rs 164.64 crore from Kolkata Metropolitan Development Authority. Under the project, the company will construct Vivekananda Road flyover on turnkey contract basis in Kolkata in a period of 18 months.

IVRCL has received second order worth Rs 10.34 from Roads and Buildings Department of Government of Andhra Pradesh. The company will construct R.O.B at Kakinada NH 214 junction in East Godavari district of the state. The execution time of the project is 24 months.

The Power Grid Corporation awarded an order for ex-works supply of equipment and material for tower package for 765 KV S/C Seoni-Nandanwadi transmission lines, a part of 765 KV Seoni-Wardha transmission line associated with Western Region System Strengthening Scheme II. The value of the order is Rs.77.87 crore. The above project is expected to be completed over a period of 24 months.

Shares of the company, on Monday (April 06), closed at Rs 154.65, up 5.4%, on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 464.95 and a low of Rs 56.50 on BSE. Current EPS & P/E ratio stood at 16.51 & 9.37 respectively.