IVRCL trades jubilantly on bagging multiple orders to the worth of Rs 959.04 crore

24 Sep 2012

IVRCL is currently trading at Rs. 49.45, up by 2.50 points or 5.32% from its previous closing of Rs. 46.95 on the BSE.

The scrip opened at Rs. 47.25 and has touched a high and low of Rs. 49.85 and Rs. 47.15 respectively. So far 1136048 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 75.20 on 13-Apr-2012 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. 49.85 and Rs. 42.15 respectively. The current market cap of the company is Rs. 1517.55 crore.

The promoters holding in the company stood at 11.21% while Institutions and Non-Institutions held 32.73% and 56.06% respectively.

Infrastructure and construction company - IVRCL’s Irrigation, Water and Power divisions have bagged orders amounting to Rs 959.04 crore. “Bura Irrigation and Settlement Scheme Rehabilitation Project” has been awarded to company’s irrigation division by National Irrigation Board, Nairobi, Kenya, for the value estimated to the worth of Rs 471.52 crore. Further the same division also bagged the order for construction of Irrigation Water Tank Type-1 and Type-3 including Annexed Building & Infrastructures in Kuwait, for the value estimated to the worth of Rs  124.70 crore.

Meanwhile, company’s water division has bagged orders to the tune of Rs 314.75 crore. The order awarded by Addl. Chief Engineer (Project), PHED, Bharatpur includes the work of Transmission Main Pipe Line from Mallah (Bharatpur) to Kumher, Deeg, Kaman, Pahari, Nagar and RWSS for 97 villages from Mallah Head Works under Chambal Dholpur Bharatpur Project part-II package-I with operation and maintenance for 10 years on Single point Responsibility Turnkey basis. Secondly, the order for the Work of Cluster Distribution System of 71 villages Pokaran Falsoond Balotra Siwana Lift Project on Single Responsibility Basis (Package III, Part B), also has been awarded to the company’s water division by the Chief Engineer Project, PHED, Jodhpur.

Company’s power division has bagged order for construction of transmission lines in Bhopal circle on total turnkey basis - One (Package No, 8), awarded by M. P. Power Transmission Company, Government of Madhya Pradesh Undertaking, to the worth of Rs 48.07 crore.

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