IVRCL Infrastructures secures orders worth Rs 202.70 crores

IVRCL Infrastructures & Projects Ltd has announced that the Company has been awarded the following irrigation works of an aggregate value of Rs 202.70 Crores in the State of Karnataka.

The company has received a project for "Modernisation of Bhadra Right Bank Main Canal (0-60 KM) including lining works and rehabilitation of structure" awarded by Executive Engineer, No. 4, BRLBC Division, Bhadravathi, Karnataka Neeravari Nigam Ltd (KNNL).

The value of this project is Rs 106.82 Crores.

The other project which the company has received is, "Bhadra Modernisation Package No. 3 viz., Modernisation of Malebennur Branch Canal" awarded by Executive Engineer, No.3 Bhadra Canal Division, Malebennur, Karnataka Neeravari Nigam Ltd (KNNL) and the Value of the Work is Rs 95.90 Crores.

The stock was trading at Rs.417.50, up by Rs.0.10 or 0.02%. The stock hit an intraday high of Rs.423 and low of Rs.415.50. The total traded quantity was 258186 compared to 2 week average of 543144.

Source : Equity Bulls

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