Rs 53.7-crore AP govt order for IVRCL

 The project will be completed by December 2004. With this, the order book position of the company stands at around Rs 1,500 crore.

 IVRCL hopes to achieve about Rs 750 crore turnover for the current financial year.

 It may be recalled that the company recorded a net profit of Rs 12.77 crore on a turnover of Rs 345 crore for the first-half of the current fiscal. On an equity base of Rs 10.61 crore, it works out an annualised EPS of Rs 24.24.