IVRCL gains on bagging multiple orders worth Rs 638.88 crore

IVRCL is currently trading at Rs 19.40, up by 0.05 points or 0.26% from its previous closing of Rs 19.35 on the BSE.

The scrip opened at Rs 19.50 and has touched a high and low of Rs 19.85 and Rs 19.20 respectively. So far 886947 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 55.15 on 05-Jul-2012 and a 52 week low of Rs 17.65 on 28-Mar-2013.

Last one week high and low of the scrip stood at Rs 21.05 and Rs 19.25 respectively. The current market cap of the company is Rs 593.83 crore.

The promoters holding in the company stood at 13.70 % while Institutions and Non-Institutions held 26.19 % and 60.12 % respectively.

IVRCL has bagged order worth Rs 638.88 crore under its Building Division (India & UAE), Transportation Division, Water Division and Irrigation Division.

Under Building Division, the company has bagged project worth Rs 183.61 crore. The first order is for Construction and Completion of the Works for the Secondary Technical School, Abu Dhabi, United Arab Emirates. The Value of Work is AED 94 million (Rs 139.40 crore) and the Completion period is 9 months. The Client for this Project is Abu Dhabi Vocational Education & Training Institute (ADVETI). This is an EPC Contract and the scope of work is total Civil Works and The total Built up area of this e-learning School Building is 29,500 Sqm. The  second order for Construction of Integrated office building for ISRO at Sadiqnagar, New Delhi (Civil, PH, Electrical, Air-Conditioning & other allied works), awarded by Govt, of India, Dept. of Space, Office of the Head CMD, ISRO, Bangalore. The Value of the Work is Rs 44.21 crore and the Completion period is 20 months.

Under Transportation Division, the company has bagged project worth Rs 445.54 crore. The first order Road and Drain improvement works and the Value of the Work is Rs 109.95 crore and the completion period is 12 months. The second order is for Construction/ Up-gradation of cement concrete roads including storm water drain, culverts, street lighting, water supply system etc. in Indore. The Value of work is Rs 129.03 crore. and the completion period is 18 months.

The third order for Construction of roadbed, station buildings, passenger amenities, minor bridges. General electrical work in connection with the new BG rail line from Haridaspur to Paradeep (81.200 km) in Khurda Division of East Coast Railway in state of Orissa, India (in tow packages) - Contract Package 2 from Kendrapada (Excl.) 42.040 to Paradeep 81.20, awarded by Rail Vikas Nigam Limited (A Government of India Enterprise). The value of work is Rs 206.56 crore and the completion period is 24 months.

Under Miscellaneous, the company has bagged project worth works Rs 9.73 crore. The  order is for Comprehensive operation, maintenance and monitoring contract for Multi villages Piped Water Supply Scheme. Major Irrigation - Raising FRL of Alisagar Reservoir of Thanakalan (Vg) Yedpally (M) Nizamabad District on Nizamsagar Main Canal, awarded by Govt, of Andhra Pradesh, Irrigation & CAD Department, Superintending Engineer, I&CADD, Irrigation Circle, Nizamabad.