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FE Home- Infrastructure - Story

IVRCL Infra bags orders worth Rs 432.36 cr

Agencies
Posted: Tuesday, Jun 16, 2009 at 1307 hrs IST
Updated: Tuesday, Jun 16, 2009 at 1307 hrs IST


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Mumbai: IVRCL Infrastructures & Projects Ltd said it bagged contracts worth Rs 432.36 crore from different vendors, including Indian Oil Corporation, for construction-related works.

The company has received an order worth Rs 144.56 crore from Coastal Gujarat Power Ltd for construction purposes. The project is scheduled to be completed in 18 months and two orders aggregating Rs 81 crore from Uttar Pradesh Rajkiya Nirman Nigam Ltd, IVRCL said in a filing to the Bombay Stock Exchange.

The infrastructure firm has also received a Rs 46.54-crore order from IOC for construction of quarters, estate office at Paradip and a Rs 21.51-crore order from Hindustan Dorr-Oliver Ltd, the filing said.

The entity also bagged an order of Rs 120.85 crore from Power Grid Corporation of India Ltd and a Rs 17.55-crore from the Andhra Pradesh government, it added.

Shares of the company were trading at Rs 320.50, up 0.44 per cent on the BSE.

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