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IVRCL soars on bagging orders worth Rs 226.18 crore

12 Mar 2015 Evaluate

IVRCL is currently trading at Rs. 18.10, up by 1.10 points or 6.47% from its previous closing of Rs. 17.00 on the BSE.

The scrip opened at Rs. 17.80 and has touched a high and low of Rs. 18.25 and Rs. 17.20 respectively. So far 5,58,000 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. 11.10 on 14-Mar-2014.

Last one week high and low of the scrip stood at Rs. 19.00 and Rs. 16.90 respectively. The current market cap of the company is Rs. 784.00 crore.

The promoters holding in the company stood at 10.64% while Institutions and Non-Institutions held 18.78% and 70.57% respectively.

IVRCL has bagged orders worth Rs 226.18 crore under its Water Division and Building Division. The company has bagged orders worth Rs 163.98 crore under Building Division. The order is for construction of 120 Numbers of type III-C, 165 Numbers of type IV-D and 135 numbers of type V-E Residential Quarters in DAE Township at Anupuram, Tamilnadu awarded by Government of India, Department of Atomic Energy, Civil Engineering Division, Tamil Nadu. The value of work is Rs 163.12 crore and the completion period is 30 months.

It has also bagged order for Work of Compound, Street Lighting, Outdoor Light Fittings and Lightning Protection System in the New Campus of NIBMG awarded by National Institute of Biomedical Genomics, Kalyani. The value of work is Rs 86.04 lakh and the completion period is 4 months.

Under Water Division, the company has bagged orders worth Rs 62.19 crore. The order is for providing Sewerage System to erstwhile Bommanahalli CMC area (Zone 4F), providing Underground Drainage (UGD) facilities to Erstwhile Green Belt areas of Yelahanka CMC under and Karnataka Municipal Reforms Project (KMRP)-Comprehensive Operation and Maintenance of 270MLD CWSS Stage IV I pumping stations at T.K.Halli, Harohalli and Tataguni, including 220/66/6.6kv Substations at Harohalli and Tataguni, for a period of 7 Years awarded by Bangalore Water Supply and Sewerage Board. The value of the work is worth Rs 61.62 crore.

Further, it has bagged order for Operation and Maintenance (O&M) of Sewage Treatment Plant (STP) at Khajakunta Division No  122 in Kukatpally Division-14 West Zone, GHMC awarded by Greater Hyderabad Municipal Corporation, Hyderabad. The value of work is Rs 57.50 lakh and the completion period is 12 months.

Peers
Company Name CMP
Larsen & Toubro 4050.00
Rail Vikas Nigam 296.30
NCC 160.45
KEC International 559.60
Kalpataru Projects 1240.45
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