IVRCL bags projects worth Rs 598 cr
Hyderabad-based infrastructure major, IVRCL Infrastructures & Projects, has secured orders aggregating Rs 597.81 crore in transportation, water and power sectors in various states. These include a Rs 157-crore order for upgradation of the 47-km Darbhanga-Kamtaul-Basaitha-Madhwapur road awarded by the Bihar government, and constructing mechanised lining of the Dhom Balkawdi Right Bank Canal by the Maharashtra Krishna Valley Development Corporation valued at Rs 162.77 crore, which are scheduled for completion in 24 months.
The company has also bagged a Rs 80.51-crore contract that envisages implementing 2,500 Mw terminal stations at Mundra and Mohindergarh for Adani Power awarded by Siemens, and executing an external coal handling system for Mundra, awarded by Tamil Nadu-based FLSmidth Minerals valued at Rs 19.39 crore, which are to be completed in 21 months and 17 months, respectively. It also bagged building works amounting to Rs 76.48 crore for IOCL Paradip and AP Medical Housing Infrastructure.
IVRCL’s stock closed at Rs 371.85 on the Bombay Stock Exchange, up 7.39 per cent as against the previous close of Rs 346.25.