IVRCL wins order worth Rs 432 crore
Hyderabad-based infrastructure major, IVRCL Infrastructures and Projects Limited, has notified that the Building, Power and Roads Divisions of the company have secured various orders worth Rs 432.36 crore.
The company stated in an official communiqué that its building division has bagged an order valued at Rs 144.56 crore from Mumbai-based Coastal Gujarat Power Limited for design and construction of all main civil works and complete structural works for external coal handling system for Mundra. The total completion period is 18 months.
Further, the company secured an order worth Rs 57.82 crore from Uttar Pradesh Rajkiya Nirman Nigam Limited for construction of Shatabdi hospital building at the CSJM Medical University campus. The construction time is two years.
The third order was awarded to the company by Indian Oil Corporation for construction of quarters, estate office and hospital of Refinery Township (Phase-II) for Paradip Refinery, Orissa at a cost of Rs 46.54 crore. The total completion period is 18 months for 'B' Type Quarters and 22 months for other buildings.
The company has received an order worth Rs 23.53 crore from Uttar Pradesh Rajkiya Nigam Limited for Construction of Hepatobilory Disease & lever transplant building at SGPGI, Lucknow. The total completion period is 12 months.
Hindustan Dorr-Oliver Limited allotted the construction of civil and structural works at Uranium Corporation of India project at Tummalapalle in Andhra Pradesh for Rs 21.51 crore. The total completion period is 12 months.
It also secured a supply and service contract from Power Grid Corporation of India worth Rs 120.85 crore. The total completion period is 25 months.
The roads division of the company got a project for construction of a road over bridge at Jaggaiahpet-Wyra on the Khazipet-Vijayawada section in Andhra Pradesh. The project is estimated to cost Rs 17.55 crore and is to be completed in 24 months.
The scrip of the company closed today at Rs 325, up 2% compared to previous close of Rs 319.