IVRCL shines on bagging orders worth Rs 350.96 crore

IVRCL is currently trading at Rs 9.77, up by 0.42 points or 4.49% from its previous closing of Rs 9.35 on the BSE.

The scrip opened at Rs 9.45 and has touched a high and low of Rs 10.17 and Rs 9.45 respectively. So far 694854 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs. 21.30 on 03-Mar-2015 and a 52 week low of Rs. 6.52 on 21-Sep-2015.

Last one week high and low of the scrip stood at Rs. 10.55 and Rs. 9.25 respectively. The current market cap of the company is Rs. 544.10 crore.

The promoters holding in the company stood at 8.28% while Institutions and Non-Institutions held 43.40% and 48.32% respectively.

IVRCL has bagged orders worth Rs 350.96 crore under its Irrigation Division and Water Division. The company has bagged orders worth Rs 324.67 crore under Building Division from Cauvery Neeravari Nigama. The order is for Providing drinking water to 83 tanks of Magadi Taluk, Ramanagara District & Hutridurga Hobli, Kunigal Taluk, Tumkur District, from CH192.3 KM of Tumkur Branch Canal under Hemavathy Project which includes design, supply, installation, testing and commissioning of Vertical Turbine pumping machineries and Rising main with surge analysis and suitable surge protection system, transformer, sub-station, construction of intake arrangements, transitions, sump, pump house, valves, electrical work, HOT crane, Raising main with MS pipe, delivery chamber, gravity distribution pipe network comprising of PSC pipes of suitable diameters including MS specials, valves, valve chambers for feeding design discharge to various impounding tanks including supply of spare parts, tools, main power for operation of the system & maintenance of the system for three years after the date of completion including conducting alignment survey, design and drawings for Raising main and gravity main etc. The project is to be completed in 24 months.

Under Water Division, the company has bagged orders worth Rs 26.29 crore from Karnataka Urban Water Supply & Drainage Board. The order is for the work of ‘PART IA’- Providing and laying of DI Rising & Feeder Mains, HDPE Distribution pipe line, Construction of 5LL and 4LL RCC OHT, Construction of Pure Water Pump house, Pumping machineries and 11KV express feeder lines for Remodeling of Water supply distribution system and allied works in Bannur town under Uidssmt-On Item Rate Basis, PART IB-Design, Construction and commissioning of S MLD capacity WTP with allied electrical & mechanical accessories, piping arrangements and trial run for 3 months - On Lump Sum Tenderbasis, Part II- Operation and Maintenance for a period of Five years under Remodeling of Water supply distribution system to Bannur town (package no WU-bannur-I).

IVRCL is engaged into engineering procurement and construction (EPC) activities in India. It conducts operations in 5 sectors namely Water and Environment, Transportation, Buildings, Power and Industrial Structures.