ITD Cementation India rose 3.02% to Rs 81.90 after the company bagged orders worth Rs 950 crore.
The company has received letter of award (LoA) for provision of infrastructure works consisting of roads & bridges, drains, water supply, sewerage, slope protection, waste management, power system including water and sewage treatment plants including operation and maintenance of selected facilities during operation and maintenance (O&M) period(s) from Government of India. The order is valued at Rs 898 crore.
It also received an LoA for piling and ground improvement work at Paradip from Technip. The order is worth Rs 52 crore.
ITD Cementation India is a construction company and is one of the leading companies with an established presence in marine structures, mass rapid transit systems, airports, hydro-electric power, tunnels, dams & irrigation, highways, bridges & flyovers, industrial buildings and structures, foundation & specialist engineering.
Voltas reported 49.4% jump in consolidated net profit to Rs 239 crore on 24.8% increase in total income to Rs 2683 crore in Q4 FY21 over Q4 FY20.
Profit before tax in Q4 FY21 stood at Rs 321 crore, up by 47.9% from Rs 217 crore in Q4 FY20.
The Cooling Products business made good recovery,post easing of the lockdown situation and achieved overall volume growth of 18%. Revenue from the Cooling Products business increased 20% at Rs 1437 crore compared with Rs 1199 crore in the corresponding quarter last year. It achieved overall volume growth of 18%. Voltas continues to be the market leader and is at No.1 position in ACs with a market share of 25.6% in February 2021 YTD.
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Praj Industries has bagged an order to set up India s largest capacity
syrup based ethanol plant from a Godavari Biorefineries (GBL) in Karnataka.
As a part of this project, Praj will expand the existing ethanol manufacturing capacity to 600 KLPD, using sugarcane syrup. When commissioned, this will become India s largest capacity
syrup based ethanol plant.
The Government of India has made several strategic interventions by way of progressive policies, conducive financial mechanisms, to encourage the sugar sector to limit surplus sugar production and instead, produce more ethanol. This capacity expansion planned by GBL is in line with the Government s Biofuel policy to increase the Ethanol manufacturing