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ITD Cementation’s JV bags order worth Rs 546 crore from DMRC

02 Jan 2013 Evaluate

ITD Cementation India’s Joint Venture (JV) with its parent, Italian - Thai Development Public Company, Thailand (ITD, Thailand) has received an order from the Delhi Metro Rail Corporation (DMRC). This project includes construction of a 9035 m long elevated metro track along with 8 elevated stations and the scope of work includes Architectural Finishing, Water Supply, Sanitary Installation and Drainage Works. The project is scheduled for completion in 30 months.

The joint venture has recently completed a Rs 189 crore contract for DMRC for the construction of Viaduct and Structural work of five stations on the Qutub Minar - Gurgaon Corridor of the Delhi MRTS project. The JV has also completed a Rs 893 crore contract for DMRC for the construction of a 8,326 m long twin bored underground metro tunnel with advanced tunnel boring machine including three underground stations at Khan Market, Jawaharlal Nehru Stadium and Jangpura station on Central Secretarial - Badarpur Corridor for the Delhi MRTS. The project was complete two month ahead of schedule.

ITD cementation operates in 3 business divisions which include bridges and industries division which is involved in construction of flyovers and bridges, steel and petrochemical plants, refiners, technical centers, and shopping malls, marine division which undertakes the construction of quays which handle cargo at ports and specialist engineering division which constructs railways and roads, power stations for hydroelectricity, diaphragm walling, and piling.

Cemindia Projects Share Price

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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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