ITD Cementation India Ltd. has won a ₹893 crore contract for the construction of berth and breakwater structures linked to a greenfield captive jetty development in Odisha. The company announced the development in a stock exchange filing on June 9, calling it part of its ordinary course of business.
🔴 Key Highlights:
- The project involves building berths and breakwaters, crucial for maritime infrastructure expansion in Odisha.
- ITD Cementation’s stock surged up to 9% following the announcement, hitting a 52-week high of ₹830 per share.
- This contract adds to the company’s growing order book, which recently included a ₹593 crore infrastructure project at Jaipur International Airport.
- ITD Cementation reported strong Q4 FY25 results, with a 27% YoY profit increase to ₹113.6 crore and 10% revenue growth to ₹2,478.7 crore.
📢 Market Reaction:
- Investors responded positively, with ITD Cementation shares rising 8% in early trading.
- Analysts see this as a major boost for the company’s maritime infrastructure portfolio.
⚠️ Strategic Impact:
- The project strengthens Odisha’s port infrastructure, supporting industrial growth and logistics efficiency.
- ITD Cementation continues to expand its footprint, reinforcing its expertise in maritime structures.
👉 What do you think? Will this project boost Odisha’s industrial expansion? Drop your thoughts in the comments!
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