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ITD Cementation India Ltd.

BSE: 509496 Sector: Infrastructure
NSE: ITDCEM ISIN Code: INE686A01026
BSE 11:51 | 26 Mar 129.25 0.85
(0.66%)
OPEN

135.00

HIGH

135.00

LOW

127.65

NSE 11:39 | 26 Mar 128.90 0.05
(0.04%)
OPEN

128.05

HIGH

131.40

LOW

128.05

OPEN 135.00
PREVIOUS CLOSE 128.40
VOLUME 576
52-Week high 177.00
52-Week low 96.25
P/E 18.95
Mkt Cap.(Rs cr) 2,221
Buy Price 129.00
Buy Qty 1.00
Sell Price 129.25
Sell Qty 32.00
OPEN 135.00
CLOSE 128.40
VOLUME 576
52-Week high 177.00
52-Week low 96.25
P/E 18.95
Mkt Cap.(Rs cr) 2,221
Buy Price 129.00
Buy Qty 1.00
Sell Price 129.25
Sell Qty 32.00

ITD Cementation India Ltd. (ITDCEM) - Company History

Formed as Cemindia Company, a FERA company, to take over the Indian branch of the Cementation Company, UK, with its main activity being construction contracts, the company offered specialised services like piling, diaphragm walling, ground treatment, tube leading, soil investigation, mine development, etc. The company, which continues to be a subsidiary of the Cementation Company, UK, which holds a 51% stake, was renamed Trafalgar House Construction with consent from Trafalgar House, UK, the ultimate holding company. Its target markets are marine projects, harbours, jetties, port installation, road and bridge construction, building projects, civil works for industrial structures such as power stations and dams, etc. With technical assistance from its promoter companies Cementation Piling and Foundations, and Cementation Mining, UK it has developed the technology for pipe jacking and box jacking. This facilitates construction of subways and tunnels under existing roads and rail lines without interrupting traffic. The company is responsible for strengthening the base of the Qutub Minar. In 1994-95, the company entered into a collaboration agreement with Trafalgar House Construction (Major Projects), for expertise in construction of highways, motorways, bridges, etc. In Apr.'96, Trafalgar House, UK -- the parent company -- became a wholly owned subsidiary of Kvaerner, ASA, a Norwegian-based company. Subsequently, the name of the company was changed to Kvaerner Cementation India Ltd. In 1999-2000, the company was the first construction company to be accredited with ISO 9002 in India for construction of Port and Harbour Structures in 1999. The Cementation Company Limited,UK the holding company,acquired 736593 equity shares thereby increasing their shareholding to 3702171 equity shares representing 80.37% of the paid up capital.The name of the company was changed from Kvaerner Cementation India Ltd to Skanska Cementation India Ltd., with effect from July'2001. The company had secured a major road construction contracts which are now under execution. The major contracts which were executed in 2001-02 were Installation of RCC Marine Bored Piles for NSICT,Diaphragm Wall for Saifee Hospital,Piling works for CPCL. The company has the distinction of having all its operations certified by ISO systems.The company has been awarded ISO 9001:2000 for quality and ISO 14001:1996 for environment during the year 2003.