Latest news with #ITDCementationIndia
Mint
30-06-2025
- Business
- Mint
This multibagger Adani Group stock hits record high on new order win worth ₹580 crore
Shares of multibagger ITD Cementation India Ltd surged nearly 6 percent on Monday, June 30, hitting a record high of ₹ 941.75 after the company announced a significant international contract win. The Adani Group-backed construction firm secured a marine infrastructure project worth $67.4 million (approximately ₹ 580 crore) for jetty construction works in Abu Dhabi, boosting investor sentiment. The stock's remarkable rally reflects growing investor confidence in the company's expanding order book and operational strength. ITD Cementation India revealed on Friday, June 27, that it has been awarded a high-value international marine contract for the Ruwais LNG project in Abu Dhabi. The $67.4 million project involves jetty construction and is a part of the company's routine business operations. While this marks a major international win, the company has also been steadily building its domestic order book. Just last week, ITD Cementation bagged two major domestic projects worth a combined ₹ 960 crore, excluding GST. One of the contracts pertains to construction activities at Trivandrum International Airport in Kerala. The other project is the construction of a multi-storeyed commercial building in Kolkata, West Bengal. Though the company did not disclose client names or execution timelines, the announcements highlight its growing presence in both domestic and international markets. The back-to-back order wins reinforce the company's strong positioning in the infrastructure and construction segment, supported by a well-diversified portfolio that spans airports, marine works, buildings, and metros. For the quarter ended March 31, ITD Cementation India reported a 27 percent year-on-year rise in consolidated net profit to ₹ 113.6 crore. Revenue grew by nearly 10 percent YoY to ₹ 2,478.7 crore, driven by healthy execution across key projects. Operating profit increased 18 percent to ₹ 259.6 crore, while operating margins improved to 10.5 percent from 9.8 percent in the same quarter last year. The board also recommended a dividend of ₹ 2 per equity share for FY25, maintaining its commitment to shareholder returns. From a market standpoint, the company has been a remarkable performer. With today's surge, the stock has rallied over 111 percent from its 52-week low of ₹ 445.60, recorded in July 2024. Over the past year, the stock has gained nearly 69 percent. It rose more than 29 percent in June alone, following a 46.6 percent surge in May. Although it saw a 12.5 percent dip in April, the broader trajectory remains bullish. Over a five-year period, the stock has delivered multibagger returns of 1,505 percent to shareholders.
Time of India
30-06-2025
- Business
- Time of India
ITD Cementation Stock Soars 4% Following $67.4 Million LNG Project Win, ET Infra
Advt ITD Cementation share price performance Shares of ITD Cementation India rallied 4.4 per cent to an intraday high of ₹929 on the BSE on Monday, June 30, following the announcement of a significant international marine contract worth $67.4 million (approximately ₹580 crore).The contract has been awarded for jetty construction works for the Ruwais LNG project in Abu Dhabi 'This is to inform you that ITD Cementation India Limited has secured International Marine Contract worth $67.4 Million (₹580 Crore),' the company informed via a regulatory filing to the stock its stock exchange filing, ITD Cementation stated that the agreement falls within the ordinary course of business for the company. The company confirmed that the new order pertains to the construction of marine infrastructure and reinforces its position in the international engineering and construction Cementation India, a well-established engineering and construction company, has been operating in India for nearly nine decades. The firm undertakes a broad range of projects in heavy civil, infrastructure, and EPC holds established expertise in maritime structures, mass rapid transit systems, hydro-electric power, tunnels, dams, irrigation, highways, bridges, flyovers, industrial structures, and buildings. The company also engages in water and wastewater management and specialist foundation the past one year, the shares of ITD Cementation have delivered a return of 71.14 per cent, while the year-to-date (YTD) gain stands at 63.98 per cent. In the last six months, the stock has risen by 67.17 per cent, and over the past three months, it has advanced 60.26 per cent. For the one-month period, the stock has posted a gain of 22.26 per shares of ITD Cementation closed 1.4 per cent higher at ₹889.50 on the BSE on Friday.
Business Standard
30-06-2025
- Business
- Business Standard
ITD Cementation rises after securing Rs 580-cr marine contract
ITD Cementation India rose 4.13% to Rs 926.25 after the company secured an international marine contract worth $67.4 million (approximately Rs 580 crore) for jetty construction works related to the Ruwais LNG project in Abu Dhabi. ITD Cementation India is one of the leading engineering and construction companies undertaking heavy civil, infrastructure and EPC business and operating in India with an established presence and expertise in maritime structures, mass rapid transit systems, airports, hydroelectric power, tunnels, dams & irrigation, highways, bridges & flyovers, industrial structures and buildings and foundation & specialist engineering. The companys consolidated net profit jumped 26.9% to Rs 113.55 crore in Q4 FY25 as compared with Rs 89.51 crore in Q4 FY24. Revenue from operations increased 9.8% YoY to Rs 2,479.72 crore in the quarter ended 31st March 2025.
Mint
30-06-2025
- Business
- Mint
This multibagger Adani Group stock hits record high on new order win worth ₹580 crore
Shares of multibagger ITD Cementation India Ltd surged nearly 6 percent on Monday, June 30, hitting a record high of ₹ 941.75 after the company announced a significant international contract win. The Adani Group-backed construction firm secured a marine infrastructure project worth $67.4 million (approximately ₹ 580 crore) for jetty construction works in Abu Dhabi, boosting investor sentiment. The stock's remarkable rally reflects growing investor confidence in the company's expanding order book and operational strength. ITD Cementation India revealed on Friday, June 27, that it has been awarded a high-value international marine contract for the Ruwais LNG project in Abu Dhabi. The $67.4 million project involves jetty construction and is a part of the company's routine business operations. While this marks a major international win, the company has also been steadily building its domestic order book. Just last week, ITD Cementation bagged two major domestic projects worth a combined ₹ 960 crore, excluding GST. One of the contracts pertains to construction activities at Trivandrum International Airport in Kerala. The other project is the construction of a multi-storeyed commercial building in Kolkata, West Bengal. Though the company did not disclose client names or execution timelines, the announcements highlight its growing presence in both domestic and international markets. The back-to-back order wins reinforce the company's strong positioning in the infrastructure and construction segment, supported by a well-diversified portfolio that spans airports, marine works, buildings, and metros. For the quarter ended March 31, ITD Cementation India reported a 27 percent year-on-year rise in consolidated net profit to ₹ 113.6 crore. Revenue grew by nearly 10 percent YoY to ₹ 2,478.7 crore, driven by healthy execution across key projects. Operating profit increased 18 percent to ₹ 259.6 crore, while operating margins improved to 10.5 percent from 9.8 percent in the same quarter last year. The board also recommended a dividend of ₹ 2 per equity share for FY25, maintaining its commitment to shareholder returns. From a market standpoint, the company has been a remarkable performer. With today's surge, the stock has rallied over 111 percent from its 52-week low of ₹ 445.60, recorded in July 2024. Over the past year, the stock has gained nearly 69 percent. It rose more than 29 percent in June alone, following a 46.6 percent surge in May. Although it saw a 12.5 percent dip in April, the broader trajectory remains bullish. Over a five-year period, the stock has delivered multibagger returns of 1,505 percent to shareholders. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
30-06-2025
- Business
- Business Standard
ITD Cementation shares hit record high after ₹580 crore order; stock up 4%
Shares of ITD Cementation surged over 4 per cent to hit a record high on Monday after it bagged a contract worth ₹580 crore for Jetty construction works for the Ruwais LNG project in Abu Dhabi. The company's stock rose as much as 4.5 per cent during the day to a life-high of ₹929.4 per share. The stock pared gains to trade 3.3 per cent higher at ₹917.6 apiece, compared to a 0.13 per cent decline in Nifty 50 as of 09:40 AM. Shares of the company extended gains to their fifth straight day on Friday, gaining nearly 15 per cent in the process. From its May low, the scrip has surged nearly 92 per cent. The counter has risen 71 per cent this year, compared to an 8.2 per cent advance in the benchmark Nifty 50. ITD Cementation has a total market capitalisation of ₹15,656.72 crore, according to BSE data. ITD Cementation's ₹580 crore order win The company has secured an international marine contract worth $ 67.4 million (or ₹580 crore) for Jetty construction works for the Ruwais LNG project in Abu Dhabi, according to an exchange filing on Friday. ITD Cementation Q4 results The company's Q4FY25 total operating income rose 10 per cent year-on-year (Y-o-Y) to ₹2,480 crore. Its Ebitda jumped 11 per cent Y-o-Y to ₹268 crore, while Q4FY25 profit after tax (PAT) zoomed 27 per cent annually to ₹114 crore. In FY25, the total operating income climbed 18 per cent Y-o-Y to ₹9,097 crore. Its Ebitda zoomed 14 per cent Y-o-Y to ₹923 crore, and PAT gained 36 per cent Y-o-Y to ₹373 crore. About ITD Cementation ITD Cementation India is an Engineering and Construction firm undertaking heavy civil, infrastructure and EPC business and operating in India for nine decades. It has an established presence and expertise in Maritime Structures, Mass Rapid Transit Systems, Airports, Hydro-Electric Power, Tunnels, Dams & Irrigation, Highways, Bridges & Flyovers, Industrial Structures and Buildings, Water & Waste Water and Foundation and Specialist Engineering.
