IVRCL Ltd. announced that the Building Division (India and UAE), Transportation Division, Water Division and Irrigation Division of the company have bagged orders aggregating to Rs.638.88 crore.
Building Division - Rs.183.61 Cr.
The Building Division has bagged a EPC contract worth Rs.139.40 crore or AED 94 million from Z General Contracting LLC., Abu Dhabi, UAE, for construction and completion of the works for the Secondary Technical School - Umm Al Quwain, with a completion period of 9 months. The client for this project is Abu Dhabi Vocational Education & Training Institute (ADVETI).
The scope of includes total civil works including hard and soft landscaping, mechanical, electrical, HVAC, ELV systems, IPCCTV system, networking systems, plumbing, fire fighting, LPG and welding gas, building management system.
The Building Division has also secured another order for Rs.44.21 crore from Govt. of India.,Department of Space, Bangalore, for construction of integrated office building for ISRO at Sadiqnagar, New Delhi. The scope of work includes civil, PH, electrical, air-conditioning and other allied works and the completion period is 20 months.
Transportation Division - Rs.445.54 Cr. The Transportation Division has obtained the first order for Rs.109.95 crore from Govt. of Karnataka, District Urban Development Cell, Karwar, for road and drain improvement works in CMC Karwar, CMC Sirsi, CMC Dandeli, TMC Bhatkal, TMC Kumta, TP Ankola, TP Honnavar, TP Siddapur, TP Yellaput, TP Mundagod and TP Haliyala Limits of Uttara Kannada District under Mukhya Mantri Nagarothana Phase- Project.
The second order was for Rs.129.03 crore from M.P. Audyogik Kendra Vikas Nigam (I) Ltd., Indore, for construction/up-gradation of cement concrete roads, including storm water drain, culverts, street lighting, water supply system etc. in industrial area Sanwer road and Pologround and industrial area Pithampur sector 1, 3 and Kheda. The completion period is 18 months.
The third order was for Rs.206.56 crore from Rail Vikas Nigam Ltd. for construction of roadbed, station buildings, passenger amenities, minor bridges, general electrical work in connection with the new BG rail line from Haridaspur to Paradeep in Khurda Division of East Coast Railway in Orissa State. The completion period is 24 months.
Miscellaneous Works - Rs.9.73 Cr.
Public Health Engineering Department, Government of Bihar, has placed a comprehensive operation, maintenance and monitoring contract for a period of six months for supply of regular and potable water supply to 39 villages.
Besides, Superintending Engineer, Irrigation & CAD Department, Govt. of Andhra Pradesh, has awarded a contract for major irrigation work. The scope of work involves raising FRL of Alisagar Reservoir of Thanakalan village on Nizamsagar Main Canal.
At the BSE, IVRCL shares are currently trading at Rs.19.30, down 0.26 percent from the previous close.
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