ITD Cementation Shares Hike 10% on Winning Orders Worth at INR 845 Crore

The share price of ITD Cementation India jumped 10.34% intraday Monday on winning two giant orders worth INR 845 crore. The infrastructure construction firm has finally received the letter of award or letter of intent combining INR 845 crore for the two orders.

One order out of two orders is for the upgrading of passenger terminal building & Airside facilities at the Trichy (Tiruchirapalli) International Airport by the Airports Authority of India. While another order is for the development of Refit Jetty at Port Blair by the Government of India for Andaman Lakshadweep Harbour works.

Bagging these two orders within a few days increased the share price. At 3:51 PM, September 24, 2018, the share price was quoting at INR 126.80 up INR 6.10 or 5.05%.

Leave a Reply

Your email address will not be published. Required fields are marked *