IVRCL bags orders worth Rs. 842cr - Angel Broking

IVRCL said that its water division has bagged an order worth Rs. 249cr order for execution of a cluster scheme of 205 villages from Haripura Chouraha Head works under the Chambal-Bhilwara Water Supply Project Phase-II. The company also said it has bagged another order for supply of water to 106 villages from Office of the Chief Engineer Project under the Pokran-Falsood-Baltora-Siwana lift project worth Rs. 143.5cr. IVRCL's irrigation division has secured various orders worth Rs. 447.8cr. This includes a major order from Krishna Bhagya Jala Nigam Limited of Karnataka worth Rs. 386.45cr for execution. However, we continue to maintain our Neutral rating on the stock.

Source : Equity Bulls

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