ITD Cementation up 12%, JV bags Mumbai metro order of Rs 2830cr

Moneycontrol BureauShare prices of ITD Cementation India rose 12 percent intraday Thursday as its joint venture company has secured orders from Mumbai metro rail corporation."Continental Engineering Company, ITD Cementation India and Tata Projects, joint venture has received letter of acceptance from Mumbai Metro Rail Corporation to design and construction of underground sections including 3 underground stations at Siddhivinayak, Dadar and Shitaldevi temple and Associated bored tunnels,” as per company's BSE filing.The total value of the contract is around Rs 2830 crore.At 11:09 hrs ITD Cementation India was quoting at Rs 151.30, up Rs 7.65, or 5.33 percent on the BSE. It has touched a 52-week high of Rs 160.45. Posted by Rakesh Patil