In order to meet working capital requirements, IVRCL is reportedly planning to raise Rs 500 crore through the Qualified Institutional Placement (QIP) route during the financial year. Further, the company has reduced its employee strength by almost 23% in the last financial year as a cost cutting measure caused by economic slowdown coupled with delays in execution of projects.
IVRCL is engaged into engineering procurement and construction (EPC) activities in India. It conducts operations in 5 sectors namely Water and Environment, Transportation, Buildings, Power and Industrial Structures.
