ITD Cementation hits upper circuit on receiving LoI

ITD Cementation Limited has received a 'Letter of Intent' for engineering, procurement, and construction (EPC) of container berth, backup yard phase - I, building and utilities for Adani Yangon International Terminal Company Limited in Myanmar, aggregating to US$80 mn.

The award of this project is a testimony of the company’s expertise and credentials in the execution and construction of maritime structures and specialist engineering in EPC Projects. It is a step towards its endeavour to look for opportunities beyond Indian borders.

In November, the company had won orders worth Rs 3,400 crore from various government entities, including Bangalore Metro Rail Corporation, IRCON International Limited, and Municipal Corporation of Greater Mumbai.

lTD Cementation India Limited is a construction company, operating in India for more than eight decades and is one of the leading companies with an established presence in marine structures, mass rapid transit systems, airports, hydro-electric power, tunnels, dams & Irrigation, Highways, Bridges & flyovers, industrial buildings and structures, Foundation &and specialist engineering.

On Friday, the stock of ITD Cementation closed 5 per cent up at Rs 50.85 from its previous close of Rs 48.45 on BSE. It has made 52 week high and low of Rs 143.40 and Rs 35, respectively.