IVRCL Assets & Holdings rises on bagging order worth Rs 1201.70 crore

13 Feb 2012 Evaluate

IVRCL Assets & Holdings is currently trading at Rs. 43.70, up by 0.70 points or 1.63% from its previous closing of Rs. 43.00 on the BSE.

The scrip opened at Rs. 43.00 and has touched a high and low of Rs. 44.90 and Rs. 42.05 respectively. So far 14,394 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 77.40 on 08-Apr-2011 and a 52 week low of Rs. 20.75 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs. 45.50 and Rs. 40.65 respectively. The current market cap of the company is Rs. 861.00 crore.

The promoters holding in the company stood at 82.98% while Institutions and Non-Institutions held 9.03% and 7.99% respectively.

IVRCL Assets & Holdings, a subsidiary of IVRCL has bagged 151 Km project of four laning of Rai Malikpur (Rajasthan Border) - Narnaul - Mahendragarh - Dadri - Bhiwani - Kharak corridor project in the state of Haryana to be executed as BOT (Toll) project on DBFOT pattern from the Government of Haryana. The project scope includes rehabilitation, up-gradation and widening of the existing carriageway to four-lane standards with construction of new pavement, rehabilitation of existing pavement, construction and/ or rehabilitation of major and minor bridges, culverts, road intersections, interchanges, drains, etc, and the operation and maintenance thereof.

The concession period is 20 years and the construction period is 30 months. The estimated total project cost (TPC) is Rs 1201.70 crore. The project corridor serves as major interstate south north connectivity between the states like Rajasthan, Gujarat and Maharashtra to northern states of Punjab, Himachal Pradesh and Jammu & Kashmir.

IVRCL Assets & Holdings is engaged in the business of urban infrastructure development, i.e. projects relating to townships, mega malls and real estate property development.

Company Name CMP
Dilip Buildcon 241.25
NBCC (India) 42.30
JMC Projects (India) 127.00
Prestige EstatesProj 495.55
DLF 417.55
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