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ITD Cementation surges 15% on huge order
Source: IRIS | 20 Feb, 2015, 11.39AM
Rating: NAN / 5 stars.
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ITD Cementation India gained as much as 15% on winning order worth Rs 21.68 billion from Bharat Mumbai Container Terminals (BMCT) for dredging & reclamation works on part of the phase-I development of fourth container terminal at JN port.

Bharat Mumbai Container Terminals (BMCT), a wholly owned subsidiary of PSA Bharat Investment signed the concession with Jawaharlal Nehru Port Trust to develop the JN Port's fourth container terminal on a design, build, operate, finance and transfer basis in Mumbai for a period of 30 years.

Shares of the company gained Rs 76.5, or 14.99%, to trade at Rs 586.75. The total volume of shares traded was 70,486 at the BSE (11.34 a.m., Friday).

The scrip has touched an intra-day high of Rs 605 and low of Rs 502. The total volume of shares traded at the BSE is 70,486.

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