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IVRCL gains ground on foraying into thermal power plant sector

02 Apr 2012 Evaluate

IVRCL is currently trading at Rs 68.60, up by 2.35 points or 3.55% from its previous closing of Rs 66.25 on the BSE.

The scrip opened at Rs 66.95 and has touched a high and low of Rs 68.95 and Rs 66.55 respectively. So far 1858607 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 95.55 on 08-Apr-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 67.95 and Rs 57.10 respectively. The current market cap of the company is Rs 1829.02 crore.

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

IVRCL has forayed into thermal power plant and bagged 3 major contracts from public sector giant -NTPC. The first order bagged is from Urja Nigam, estimated to the worth of around Rs 289.76 crore. The scope of the project includes civil and structural work of main plant which includes TG building, ESP boiler, chimney, bunkers, control rooms, etc. Major quantities involved in this package are 3100 MT of structural steel fabrication and erection, 2.6 lac cum of concrete, 2100 Mt of reinforcement steel and around 11.20 lac cum of earth work.

The second order bagged is from NTPC, Solapur (Maharashtra), estimated to the worth of around Rs 289.55 crore. The scope of the project includes civil and structural work of main plant which includes TG building, ESP boiler, chimney, bunkers, control rooms, etc. Major quantities involved in this package are 4000 MT of structural steel fabrication and erection, 3.81 lac cum of concrete, 26500 Mt of reinforcement steel and around 17.23 lac cum of earth work.

The final project bagged is from NTPC, Mouda (Maharashtra), estimated to the worth of around Rs 298.62 crore. The scope of the project includes civil and structural work of main plant which includes TG building, ESP boiler, chimney, bunkers, control rooms, AHP, etc. Major quantities involved in this package are 33400 MT of structural steel fabrication and erection, 3.2 lac cum of concrete, 27000 Mt of Reinforcement steel and around 13.74 lac cum of earth work.

Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
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