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.
