IVRCL surges on bagging orders worth Rs 1255.67 crore

24 Dec 2014

IVRCL is currently trading at Rs. 15.50, up by 0.45 points or 2.99% from its previous closing of Rs. 15.05 on the BSE.

The scrip opened at Rs. 15.50 and has touched a high and low of Rs. 15.50 and Rs. 15.15 respectively. So far 108160 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 30.75 on 22-May-2014 and a 52 week low of Rs. 9.80 on 31-Jan-2014.

Last one week high and low of the scrip stood at Rs. 16.00 and Rs. 13.00 respectively. The current market cap of the company is Rs. 610.07 crore.

The promoters holding in the company stood at 13.70 % while Institutions and Non-Institutions held 12.09 % and 74.22 % respectively.

IVRCL’s Irrigation & Water Divisions have bagged orders of the value of Rs 1255.67 crore. Under the Irrigation Division, the company has bagged an order of Rs 1022.58 crore from Karnataka Neeravari Nigam, Government of Karnataka, for Tubchi-Babaleshwar Lift Head Works under Lift Irrigation Scheme. The work entails survey, investigation, design, supply, installation, testing and commissioning of head works including all required structures, pipe line and motors with pumps and electro mechanical works along with operation and maintenance requirements for 5 years.

Under the Water Division, the company has bagged an order of Rs 137.49 crore from Bharat Heavy Electricals (BHEL) for the work of Package-5 while, the company has secured order worth Rs 95.60 crore from Maharashtra Jeevan Pradhikaran, Urban and rural scheme division, Nagpur for work of Nagpur Peri Urban (10 Villages) RR Water Supply Scheme (NRDWP). 

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