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ITD Cementation firms up after winning orders

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Capital Market
Last Updated : Oct 23 2018 | 11:04 AM IST

ITD Cementation India rose 1.62% to Rs 112.85 at 10:43 IST on BSE after the company said it won orders valued over Rs 1066 crore from Airports Authority of India, Vizhinjam Port, Visakhapatam Port, Mumbai Metro and Rail Vikas Nigam.

The announcement was made after market hours yesterday, 22 October 2018.

Meanwhile, the S&P BSE Sensex was down 130.69 points, or 0.38% to 34,003.69.

On the BSE, 8387 shares were traded in the counter so far compared with average daily volumes of 71,000 shares in the past two weeks. The stock had hit a high of Rs 114.80 and a low of Rs 112 so far during the day. The stock hit a record high of Rs 234.90 on 13 November 2017. The stock hit a 52-week low of Rs 108.60 on 22 October 2018.

On a consolidated basis, net profit of ITD Cementation India rose 39.53% to Rs 28.91 crore on 33.46% rise in net sales to Rs 652.87 crore in Q2 June 2018 over Q2 June 2017.

lTD Cementation India is a construction company with presence across multiple lines of business including marine structures, mass rapid transit systems, airports, hydro-electric power, tunnels, dams & irrigation, highways, water & waste water, bridges & flyovers, industrial structures, tube heading & box pushing, foundation & specialist engineering.

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First Published: Oct 23 2018 | 10:48 AM IST

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