ITD Cementation India Ltd has secured a new order worth approximately ₹893 crore, inclusive of GST, for the construction of berth and breakwater structures linked to greenfield captive jetty development in Odisha. The company announced the development in a stock exchange filing on June 9, calling the order part of its ordinary course of business.
This fresh win adds to the company’s growing order book, coming less than a month after ITD Cementation announced a ₹593 crore contract for infrastructure works at Jaipur International Airport. That announcement, made on May 14, had triggered a 12% surge in the stock. Shares of ITD Cementation ended 1.7% higher at ₹759.15 on the BSE, ahead of the latest contract announcement.
The infrastructure player, which has been operating in India for over nine decades, reported a healthy March quarter. Net profit rose 27% year-on-year to ₹113.6 crore, while revenue climbed nearly 10% to ₹2,478.7 crore. Operating profit grew 19% to ₹259.6 crore, with EBITDA margins improving to 10.5% from 9.8% in the year-ago period.
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