The transportation and mining divisions of IVRCL Ltd, a Hyderabad-based engineering and construction company, has bagged orders aggregating Rs 972.07 crore.
These include a Rs 917.80-crore order for construction of a tunnel on the Dharam-Quzigund section of Udhampur-Srinagar-Baramulla new BG railway line project awarded to IVRCL by New Delhi-based Ircon International. The completion period of the contract is 36 months.
Also, IVRCL has bagged two projects for construction of roadbed, major and minor bridges and track-linking (excluding supply of rail, sleepers and thick-web switches) and general electrical work in Abu Road-Sarotra Road (24.35 kilometre and 35.75 kilometre) Ajmer division of North Western Railway in Gujarat state, awarded by Rail Vikas Nigam Ltd, the company said in a filing to the BSE on Monday.
IVRCL’s scrip is currently trading at Rs 41.70 on the BSE, up 2.84%, over the previous close of Rs 40.55.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app