Tuesday, December 16, 2008

IVRCL shares up 2% on Rs 746 crore orders

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/ivrcl-shares-up-2-on-rs-746-crore-orders/)
MUMBAI: Shares of IVRCL Infrastrcuture & Projects gathered momentum Tuesday after it announced that the buildings and industrial division of the company bagged orders worth Rs 746.26 crore.

The orders were for works across the country. The realty firm will undertake a turnkey housing project for AP Cine Workers Co-operative Housing Society at Hyderabad for Rs 550.28 crore.

The second order worth Rs 114.35 crore was for the construction of a CIDCO Exhibition Centre at Vashi. It will also provide EPC services on turnkey basis for new habitation for tsunami affected victims at Puduchery worth Rs 70.62 crore and also the construction of an IT park at Durgapur for Rs 11.01 crore.

At 1 pm, IVRCL shares were up 2.35 per cent at Rs 168 after touching a high of Rs 172.40.

Source : Economic Times


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