IVRCL retains Rs. 3,510-mn orders

Bangalore: Engineering firm IVRCL infrastructures & Projects on Monday said it has bagged five orders worth over Rs 351 crore for construction related works.

The company has bagged an order for Rs 98.36 crore from Andhra Pradesh Infrastructure Corporation Ltd for the construction of Research Buildings Complex at Pulivendula, Kadapa district, the company said in a filing to the Bombay Stock Exchange.

Another order worth Rs 79.50 crore was received from Bangalore Metropolitan Transport Corporation for building of traffic and transits management Center under Jawaharlal Nehru Urban Renewal Mission scheme.

The company was also awarded Rs 65.15 crore order from Bangalore-based Pride Malls Private for developing a shopping mall with multiplex at Lal Bagh Fort road, the company added.

Besides, a Rs 76.20 crore order was received from Municipal Corporation of Brihan Mumbai to construct 140 ML master balancing reservoir and associated work at Bhadup complex and an order worth Rs 32 crore pipeline project from Narmada Water Resources.

Shares of IVRCL were trading at Rs 319.50, up 2.80 per cent on the BSE in afternoon trade.