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IVRCL gains as its Power Division bags two orders worth Rs 475.05 crore

28 Jan 2014 Evaluate

IVRCL is currently trading at Rs. 13.20, up by 0.25 points or 1.54% from its previous closing of Rs. 12.95 on the BSE.

The scrip opened at Rs. 12.95 and has touched a high and low of Rs. 13.25 and Rs. 12.95 respectively. So far 1, 82,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 36.55 on 29-Jan-2013 and a 52 week low of Rs. 9.80 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 15.35 and Rs. 12.85 respectively. The current market cap of the company is Rs. 403 crore.

The promoters holding in the company stood at 13.70% while Institutions and Non-Institutions held 16.25% and 70.05% respectively.

IVRCL’s Power Division has bagged two orders of the value of Rs 475.05 crore. The company has bagged  first order for Supply of Equipment & Materials for Rural Electrification & Associated 33 KV works and ‘Erection, Testing & Commissioning of all Equipments & Materials for Rural Electrification & Associated 33 KV works’ in 1994 No. of Unelectrified Habitations (under the single contract) in Shahjahanpur District of U.P. on ‘Turnkey’ basis under Government of India scheme of ‘Rajiv Gandhi Gramin Vidyutikaran Yojna Phase-11’ awarded by Madhyanchal Vidyut Vitran Nigam, Lucknow. The value of work is Rs 255.67 crore and the completion period is 24 months.

The company has bagged second order for Supply of Equipment & Materials for Rural Electrification & Associated 33 KV works’ and ‘Erection, Testing & Commissioning of all Equipments & Materials for Rural Electrification & Associated 33 KV works’ in 1836 No. of Unelectrified Habitations (under the single contract) in Gonda District of U.P. on ‘Turnkey’ basis under Government of India scheme of ‘Rajiv Gandhi Gramin Vidyutikaran Yojna Phase-II’ awarded by Madhyanchal Vidyut Vitran Nigam, Lucknow. The value of work is Rs 219.38 crore and the completion period is 24 months.

IVRCL is engaged into engineering procurement and construction (EPC) activities in India. It conducts operations in 5 sectors namely Water and Environment, Transportation, Buildings, Power and Industrial Structures.

Peers
Company Name CMP
Larsen & Toubro 3986.60
Rail Vikas Nigam 301.65
NCC 162.00
KEC International 575.45
Kalpataru Projects 1240.55
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