IVRCL Infra secures Rs 958 cr contracts

IVRCL Infra and Projects today said it has bagged contracts worth Rs 958 crore for providing infrastructure related works.

In a filing to the Bombay Stock Exchange IVRCL said it has bagged contracts from several entities, including the NHAI, aggregating to Rs 958.07 crore.

The company has bagged a Rs 359.96 crore contract from the National Highways Authority of India (NHAI) for construction related works including four laning of Bhogpur to Mukerian section of NH-1A, to be completed within 30 months.

Besides, the company has bagged a Rs 123.25 crore order from the Chennai Metropolitan Water Supply and Sewerage Board, to be completed within 24 months.

The company has bagged a Rs 142.35 crore contract from Cauvery Neeravary Nigama Ltd and another Rs 133.64 crore contract from Bangalore Water Supply and Sewerage Board.

Besides, IVRCL Infra has bagged other miscellaneous orders totalling Rs 198.87 crore in the power, building and water division, the filing added.

The company's current order book position stood at Rs 22,000 crore.

Shares of IVRCL Infra were trading at Rs 357.25, up 0.72 per cent in the afternoon trade on the BSE.