ITD Cementation shares crack as promoter shareholder looks to divest stake

The Company said that the process is at a preliminary stage and no definitive decision has been taken as yet.

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26 Aug, 2025 12:21

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Shares of ITD Cementation are sharply lower on July 4 after promoter shareholder Italian Thai Development said it is in early stages to explore divestment of its stake in the company.

The Company said that the process is at a preliminary stage and no definitive decision has been taken as yet. Italian Thai Development Public Company (ITD Bangkok) is the parent company, holding 47 percent stake in the company.

The shares of ITD Cementation have nearly doubled so far this year, and has gained 255 percent in the last one year. The company has a market capitalisation of Rs 9,857.17 crore as on July 3.

ITD Cementation India is an engineering and construction Company in India, with expertise in heavy civil and EPC projects.

Just last month, ITD Cementation India had secured a marine contract for constructing a Jetty at Dahej LNG terminal in Gujarat worth Rs 1,082 crore.

The company's March quarter Net Sales came in at Rs 2,257.72 crore, up 38.39% from Rs. 1,631.41 crore in March 2023. Quarterly Net Profit came in at Rs 89.51 crore in March, up 136.87% from Rs. 37.79 crore a year ago. EBITDA stands at Rs 241.91 crore in March 2024, up 57.18% from Rs 153.91 crore a year ago.

This is being updated