IVRCL soars on bagging multiple orders worth Rs 1097.57 crore

IVRCL is currently trading at Rs. 16.35, up by 0.15 points or 0.93% from its previous closing of Rs. 16.20 on the BSE.

The scrip opened at Rs. 16.25 and has touched a high and low of Rs. 16.75 and Rs. 15.90 respectively. So far 8, 49,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 52.35 on 04-Oct-2012 and a 52 week low of Rs. 11.80 on 25-Jun-2013.

Last one week high and low of the scrip stood at Rs. 16.50 and Rs. 15.15 respectively. The current market cap of the company is Rs. 501 crore.

The promoters holding in the company stood at 13.70% while Institutions and Non-Institutions held 20.83% and 65.47% respectively.

IVRCL has bagged order worth Rs 1097.57 crore under its Building Division (India & UAE), Water Division and Power Division worth Rs 573.12 crore, Rs 471.82 crore and Rs 52.63 crore respectively. The orders are from various locations such as Kuwait, Patna, Vijayawada, Orissa etc.

Under Building Division, the company has bagged project worth Rs 573.12 crore. The first order is for Design, Construction & maintenance for Trucks Parking Lots in Aljahra's Governorate CPA / 263 (Total three truck parks viz., one at East Abdaliy Road, second at West Abdaliy Road and third at Alsalmiy Road), awarded by Zein Advanced technology Co. W,L,L, Kuwait. The Value of Work is KWD 17.88 millions (Rs 368.00 crore) and the Completion period is 24 months. The Client for this Project is Ministry of Public Works, Kuwait. The second order is for Execution of the extension of High Court, Patna, awarded by Office of the Executive Engineer, Patna. The Value of the Work is Rs 102. 06 crore and the Completion period is 24 months. The third order for Construction of International Cricket Stadium at Amravati Township, Mangalagiri, Guntur District near Vijayawada including infrastructure facilities, awarded by Andhra Cricket Association (Affiliated to the Board of control for Cricket in India), Vijayawada. The Value of work is Rs 51.04 crore and the Completion period is 20 months. The Fourth order is for Complete Civil Works mainly consisting of Conveyor footings & Trestles, transfer towers foundation, Sub stations and other miscellaneous work and Complete Structural works consisting of Fabrication, Painting, and Erection of conveyor structures, Junction houses and miscellaneous structures for Tata Steel Khondbond - Joda Overland conveyor projects awarded by FLSmidth. The Value of work is Rs 52.02 crore and the completion period is 18 months.

Under Water Division, the company has bagged project worth Rs 471.82 crore. The first order is for Execution of the Comprehensive Water Supply Service Improvements in Anantapuram Municipal Corporation (Package-I), awarded by Anantapuram Municipal Corporation, Anantapuram. The Value of work is Rs 97.01 crore and the completion period is 24 months. The second order is for Construction of Sewers for Bhubaneswar Sewerage District-VI (Package No. JICA/OWSSB/OISIP/01), awarded by Orissa Water Supply & Sewerage Board (A Govt of Orissa Undertaking), The Value of work is Rs 311.15 crore and the completion period is 36 months

Under Power Division, the company has bagged project worth Rs 52.63 crore. The first order is for Execution for Procurement of Plant, Design, Supply of 132 kV Transmission Lines against IFB No. WB/2008/G-14 for Package G-14(B) and Execution of Procurement of Plant, Design, Supply of 132 kV Transmission Lines against IFB NO WB/2Q08/G-14, awarded by Haryana Vidyut Prasaran Nigam (A Govt, of Haryana Undertaking). The second order is for Supply, Erection, Construction, Testing and Commissioning of a) 220/132kV automation Sub Station at TirumalayapaJIi in Kadapa on Semi - turnkey basis b) 220/kV DC line from proposed 400/220/132kV Sub Station at Thalamanchipatnam, Jammamalamadugu to proposed 220/132 kV Sub Station at Timmaiayapalli in Kadapa Dist on turnkey basis (17 Kms) awarded by Transmission Corporation of Andhra Pradesh. The third order is for Supply, erection, construction, testing and commissioning of 132/33kV Sub Station at Rangannagudem / Remalle (Krishna District) & 132kV LILO of One circuit of existing 132kV Gunadala - Kanumolu DC line to the proposed 132/33kV Substaion Rangannagudem / Remalle Substation (10.00 KM) on turnkey basis, awarded by Transmission Corporation of Andhra Pradesh.