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IVRCL surges on bagging multiple orders worth Rs 701.49 crore

23 Jan 2012

IVRCL is currently trading at Rs. 44.55, up by 0.75 points or 1.71% from its previous closing of Rs. 43.80 on the BSE.

The scrip opened at Rs. 43.90 and has touched a high and low of Rs. 45.10 and Rs. 42.60 respectively. So far 915190 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 100.70 on 24-Jan-2011 and a 52 week low of Rs. 27.10 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 45.10 and Rs. 36.25 respectively. The current market cap of the company is Rs. 1192.20 crore.

The promoters holding in the company stood at 11.18% while Institutions and Non-Institutions held 42.51% and 46.31% respectively.

IVRCL’s water/ irrigation and building divisions have bagged orders of the value of Rs 701.49 crore. Under the water/ irrigation division, the first order bagged by the company is from the Tamilnadu Water Supply and drainage board, which is for providing CWSS to 755 rural habitations in Virudhnagar, Sivakasi, Sattur and Vembakottal unions in Virudhnagar district with River Thamirabarani as source near Seevalaperi including maintenance of the year’.

Meanwhile, the second order bagged is for providing CWSS to 295 quality affected habitations by Tamilnadu Water Supply and drainage board. The third order includes scheme to lift water from Kabini river near Alambur Village awarded by Cauvery Neeravari Nigama Niyamitha, a government of Karnataka undertaking.

The last order bagged under water / irrigation segment includes for providing, laying, testing and commissioning sewerage system and designing and construction of STP at Munger town from Bihar Urban Infrastructure Development Corporation.

The company under building division has bagged orders aggregating to the worth of Rs 106.04 crore, from the likes of National Building Construction Corporation, Hindustan Dorr-Oliver, Government of India, Department of Atomic energy, Directorate of Construction, Services and Estate Management.

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