ITD Cementation surges on winning order worth Rs 2,168 crore
The stock rallied 16% to Rs 591 on BSE.
 "ITD Cementation surges on winning order worth Rs 2,168 crore")
ITD Cementation India has surged 16% to Rs 591 on BSE after the company wins Rs 2,168 crore order for dredging and reclamation works for container terminal 4 at Jawaharlal Nehru Port, Mumbai.
“The company has won an order of a value of Rs 2,168 crore from concessionaire M/s Bharat Mumbai Container Terminals Private Limited, for dredging and reclamation works on part of the Phase-I development of fourth container terminal in Jawaharlal Nehru Port,” ITD Cementation said in a statement.
The stock opened at Rs 512 and hit a 52-week high of Rs 605 on BSE. The trading volumes on the counter more than doubled with a combined 232,872 shares changed hands till 1121 hours on BSE and NSE.
“The company has won an order of a value of Rs 2,168 crore from concessionaire M/s Bharat Mumbai Container Terminals Private Limited, for dredging and reclamation works on part of the Phase-I development of fourth container terminal in Jawaharlal Nehru Port,” ITD Cementation said in a statement.
The stock opened at Rs 512 and hit a 52-week high of Rs 605 on BSE. The trading volumes on the counter more than doubled with a combined 232,872 shares changed hands till 1121 hours on BSE and NSE.