 "ITD Cementation hits 52-week high as JV bags Mumbai Metro III contract")
Shares of ITD Cementation India have hit 52-week high of Rs 160, up 11% on the BSE in early morning deals after the company announced that its joint venture (JV) has secured orders worth of Rs 2,830 crore to build parts of phase-III of Mumbai metro project.
“M/s Continental Engineering Company, ITD Cementation India and Tata Projects, joint venture has received letter of acceptance from Mumbai Metro Rail Corporation in respect of MM3-CBS-UGC 04; design and construction of underground sections including 3 underground stations at Siddhivinayak, Dadar and Shitaldevi Temple and Associated Bored tunnels,” ITD Cementation India said in a BSE filing.
The total value of the contract is around Rs 2,830 crore, it added.
At 09:44 AM, the stock was up 7% at Rs 153 on the BSE. The trading volumes on the counter more than doubled with a combined 912,765 shares changed hands on the BSE and NSE so far.
“M/s Continental Engineering Company, ITD Cementation India and Tata Projects, joint venture has received letter of acceptance from Mumbai Metro Rail Corporation in respect of MM3-CBS-UGC 04; design and construction of underground sections including 3 underground stations at Siddhivinayak, Dadar and Shitaldevi Temple and Associated Bored tunnels,” ITD Cementation India said in a BSE filing.
The total value of the contract is around Rs 2,830 crore, it added.
At 09:44 AM, the stock was up 7% at Rs 153 on the BSE. The trading volumes on the counter more than doubled with a combined 912,765 shares changed hands on the BSE and NSE so far.
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