ITD Cementation India announced that it has bagged an 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.

PSA will work along with JNPT to develop this very important terminal in India to cater to the increasing demand for container handling capacity and facilitate maritime time in India.

Shares of the company gained Rs 82.75, or 16.22%, to trade at Rs 593. The total volume of shares traded was 69,253 at the BSE (11.26 a.m., Friday).