IVRCL bags orders worth Rs 564 cr

IVRCL Infrastructures & Projects' power, buildings and transportation divisions have bagged orders worth Rs 564.62 crore. The orders have come from an assortment of clients, mostly public sector.

The power division has secured two supply and services contracts amounting to Rs 359.61 crore from Power Grid Corporation of India. Both the orders are in the transmission line segment. The first one for a 174-kilometre transmission line in the north eastern region, is one of the largest orders in the segment for the company with an order value of Rs 239.67 crore. The other order is for a 123-kilometre transmission line from Angul Pooling Station to Jharsuguda Pooling Station (Line-1) (Part-1) in Orissa.

The building division has secured orders with an aggregate value of Rs 131.46 crore. The first one is from Nagpur Housing and Area Development Board for construction of 320 residential apartments in Nagpur. The others are from NMDC, Hyderabad, for miscellaneous buildings including boundary wall works for pellet plant project at Donimalai, Karnataka.

The division also procured an order from Ambuja Realty Development, Kolkata, for installation of bored piling work with hydraulic rotary rig for an IT office complex at Salt Lake, Kolkata.

The company has also received orders from the Karnataka State Road Transport Corporation (KSRTC) for construction of KSRTC satellite bus station with its sub-works at Peenya, Bengaluru.

Lastly, the transportation division has bagged an order of Rs 73.55 crore from Kolkata Metropolitan Development Authority for construction of embankment for widening of EM By-pass (both side) from Metropolitan Bridge to Garia Station Road crossing.

After announcing this, the company's stock had gained Rs 2.2 or 3.9% and was trading at Rs 73.5 on the Bombay Stock Exchange. Meanwhile, Sensex had added almost 220 points and was up at 18,387.