ITD Cementation Secures Major Residential Project in New Delhi

The Italian-Thai Development Public Company Limited, commonly known as ITD, was founded on August 15, 1958, by Chaijudh Karnasuta and Giorgio Berlingieri with the goal of establishing a prominent Thai construction company. Initially named “Italian-Thai Development,” it transitioned to a limited public company on March 24, 1994, and was subsequently listed on the Stock Exchange of Thailand (SET) on August 9, 1994.

ITD Cementation India Secures New Delhi Residential Project

ITD Cementation India Ltd. has announced a new contract worth Rs 1,237 crore for the construction of a residential colony in New Delhi. This latest order, disclosed to the stock exchanges on Monday, underscores the company’s strong presence in the engineering and construction sector.

The new project in New Delhi marks another significant achievement for ITD Cementation, further expanding its portfolio of large-scale residential developments. This order is expected to contribute substantially to the company’s revenue and project pipeline.

Recent Significant Marine Contract Awarded in Gujarat

On June 26, ITD Cementation secured another substantial contract worth approximately Rs 1,082 crore. This contract involves the construction of a third berth and additional infrastructure at the Dahej LNG terminal in Gujarat.

This marine contract adds to ITD Cementation’s impressive track record in maritime infrastructure projects. The development at Dahej LNG terminal is poised to enhance the terminal’s capacity and operational efficiency.

Conclusion: ITD Cementation India Ltd. continues to demonstrate its robust capabilities in both residential and marine infrastructure sectors. The recent order for a residential colony in New Delhi, combined with the potential stake sale by its major shareholder and the new marine contract in Gujarat, highlights the dynamic and evolving landscape of the company’s operations. Investors and stakeholders are keenly observing these developments, which could shape the future trajectory of ITD Cementation. The stock of ITD Cementation Ltd. currently trades at Rs.529 a piece up by 3.75% from its previous day’s closing price.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.