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IVRCL bags orders worth Rs 514 cr

The orders came under its buildings, power and transportation divisions

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IVRCL Limited, a city-based infrastructure major, has bagged multiple orders valued at Rs 514.75 crore under its buildings, power and transportation divisions.

Under the buildings division, the company has received several orders worth of Rs 424.09 crore from NTPC Limited, Noida, for the SG area and offsite civil works package for the first phase of the (3x800mw) Kudgi Super thermal power project.

Other orders include - a project for construction of academic complex and canteen building for IIT Madras from the Central Public Works Department (CPWD) and another from the Central government's department of space construction of semi-cryo test facility at Tamil Nadu, the company said in a release today.

Its power division has bagged orders worth Rs 70.63 crore from Tamil Nadu Generation and Distribution Corporation Limited for execution of distribution strengthening works in Dindigul, Pudukottai and Aranthangi towns on a turnkey basis.

And the transportation division has received orders worth Rs 20.03 crore from the Andhra Pradesh government for construction of a rail over bridge at Palasa on Visakhapatnam-Bhubaneswar road in Srikakulam district.

IVRCL's scrip is currently trading at Rs 41 on Bombay Stock Exchange, down 1.44% over the previous close of Rs 41.60.

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