ITD Cementation shares hit fresh 52-week high on bagging contract worth Rs 893 crore

ITD Cementation share price surged to a fresh 52-week high in Tuesday's trading session on winning Rs 893 crore contract for Odisha jetty project. The company in an exchange filing said it secured a new order for the construction of berth and breakwater structures linked to greenfield captive jetty development in Odisha.

Shares of the company hit a fresh high of Rs 830 per share on the NSE, rising 9.33 percent. The stock had opened with a gain of 5.37 percent in today's trading session. The counter has been gaining for the last two days and is up 9.57 percent in the period. At around 10:30 am, the stock pared some of the gains to trade at Rs 811.45 per share on the NSE, up 6.88 percent.

The new contract for ITD Cementation further boosted its order book. Earlier, the company announced a Rs 593 crore deal for infrastructure work at Jaipur International Airport.

For the quarter ended March 2025, the company posted a strong financial performance, with net profit rising 27 percent year-on-year to Rs 113.6 crore. Revenue for the same period grew nearly 10 percent year-on-year to Rs 2,478.7 crore, supported by consistent progress across major projects.