IVRCL JV gets Rs 1,737cr AP order

IVRCL Infrastructures & Projects (IVRCL) has bagged a Rs 1,737 crore order from the irrigation and CAD department of the government of Andhra Pradesh to be executed through its joint venture IVRCL- Navayuga & SEW.

According to a release issued by IVRCL to the BSE today, the company has 35.75% share in the joint venture.

"The contract is for execution of the Sripada Sagar Projects (Stage II, Phase I), and involves investigation, soil exploration, design, supply installation, testing and commissioning of pumping machinery, transformers, sub-stations and raising mains, including construction of pump house and all civil structures, to develop two lakh acre. The project is to be completed within a period of 30 months," the release added.