ITD Cementation bags order worth $80 mn; ends higher by 5%

ITO Cementation
ITD Cementation India has received a Letter of Intent for Engineering, Procurement and Construction (EPC) of Container Berth, Backup Yard Phase - I, Building and Utilities for Adani Yangon International Terminal Company Limited in Myanmar aggregating to $80mn.

The award of this project is a testimony of our expertise and credentials in the execution and construction of Maritime Structures and Specialist Engineering in EPC Projects and is a step towards our endeavour to look for opportunities beyond Indian borders, the company said in the filing.

Stock view:
ITD Cementation India Ltd ended at Rs50.85, up by Rs2.4 or 4.95% from its previous closing of Rs48.45 on the BSE.

The scrip opened at Rs49 and has touched a high and low of Rs50.85 and Rs48.10 respectively.

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