ITD Cementation order book flies sky high

With the winning of Rs. 2,830-crore order for the third phase of Mumbai Metro, ITD Cementation’s order book commanding contracts of Rs. 4,435 crore has touched pole position. As a matter of fact, the government‘s push in the transportation sector covering ports, roads, and airports, has not just brightened its business prospects, but also rekindled investor interest in many of its infrastructure stocks. One example is ITD Cementation India, which has also made a mark in developing marine, metro rail, hydro plants, mines, and other infrastructure projects. The company has a strong execution track record, having worked on key metro rail projects in cities such as Bengaluru, Delhi, and Kolkata. Some of the ongoing projects include-marine work at ports, such as Visakhapatnam and Mundra and metro rail work in Delhi, Bengaluru, Kolkata, and Jaipur and is also currently looking at maritime opportunities beyond borders in Bangladesh, said official sources.