IVRCL surges on winning new orders worth Rs 639 crore
The company's transportation division has bagged orders worth Rs 446 crore and building division secured orders worth Rs 184 crore.
IVRCL has surged 6% to Rs 20.45 after the company announced that its various divisions have bagged fresh orders amounting to Rs 639 crore.
The company’s transportation division has bagged orders worth Rs 445.54 crore for road and drain improvement works in Karnataka, construction and upgradation of road in Madhya Pradesh and construction of roadbed, station buildings and passenger amenities for east coast railway, IVRCL said in a statement.
The building division secured orders worth Rs 183.61 crore. The works involves construction of secondary technical school in Umm Al Quwain in UAE and construction on integrated office building for ISRO in New Delhi.
Also, the company has bagged various orders worth Rs 9.73 crore pertain to various other miscellaneous works.
The stock opened at Rs 19.45 and touched high of Rs 20.65 on NSE. A combined 8.59 million shares have changed hands on the counter till noon deals on NSE and BSE.
The company’s transportation division has bagged orders worth Rs 445.54 crore for road and drain improvement works in Karnataka, construction and upgradation of road in Madhya Pradesh and construction of roadbed, station buildings and passenger amenities for east coast railway, IVRCL said in a statement.
The building division secured orders worth Rs 183.61 crore. The works involves construction of secondary technical school in Umm Al Quwain in UAE and construction on integrated office building for ISRO in New Delhi.
Also, the company has bagged various orders worth Rs 9.73 crore pertain to various other miscellaneous works.
The stock opened at Rs 19.45 and touched high of Rs 20.65 on NSE. A combined 8.59 million shares have changed hands on the counter till noon deals on NSE and BSE.