SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

IVRCL gains on bagging order from Hind Copper

21 Sep 2011 Evaluate

IVRCL is currently trading at Rs 40.65, up by 0.30 points or 0.74% from its previous closing of Rs 40.35 on the BSE.

The scrip opened at Rs 40.30 and has touched a high and low of Rs 40.95 and Rs 39.95 respectively. So far 2,18,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 174.00 on 27-Sep-2010 and a 52 week low of Rs 31.45 on 26-Aug-2011.

Last one week high and low of the scrip stood at Rs 43.85 and Rs 38.10 respectively. The current market cap of the company is Rs 1,085.00 crore.

The promoters holding in the company stood at 9.52% while Institutions and Non-Institutions held 52.31% and 38.17% respectively.  

A consortium led by IVRCL has become L-1 EPC contractor at a quoted price of Rs 1,176 crore for the three million tons per annum (mtpa) Malanjkhand underground mine expansion project of Hindustan Copper. This is the biggest of the eight projects that the company has taken up. The bid was submitted on August 2, 2011.

For competitive bidding, the total estimated cost of the expansion projects of Hindustan Copper came down to Rs 3,400 crore from the Rs 3,677 crore, originally envisaged.

Earlier, the company awarded the contract for Khetri mine (Rajasthan) expansion to a consortium of Maheshwari Mining and Wenzhou Construction Group of China on July 15. The Rs 96.80 crore contract like all others is to be executed within five years.

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

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×