Shares of IVRCL rallied more than 7 percent intraday Thursday on winning orders by water, building divisions.
Shares of IVRCL rallied more than 7 percent intraday Thursday on winning orders by water, building divisions.
In building division, the Hyderabad-based infrastructure company has received real estate order from Government of India (Department of Atomic Energy, civil engineering division in Tamilnadu). "The value of work is Rs 163.12 crore and the completion period is 30 months," it says.
The second order was worth Rs 86.04 lakh from National Institute of Biomedical Genomics, Kalyani.
IVRCL also received two orders in water division, wherein one was worth Rs 61.62 crore from Bangalore Water Supply and Sewerage Board and the second was worth Rs 57.50 lakh from Greater Hyderabad Municipal Corporation.
At 11:45 hours IST, the scrip of IVRCL was quoting at Rs 18.05, up Rs 1.05, or 6.18 percent.
Posted by Sunil Shankar Matkar
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