Shares of ITD Cementation India Ltd jumped 4% in early trade on Monday after the company announced a major international contract win. The company has secured a US$ 67.4 million (~₹580 crore) marine works order for jetty construction at the Ruwais LNG project in Abu Dhabi, UAE.
This prestigious contract adds to ITD Cementation’s growing portfolio of overseas infrastructure projects, especially in the marine construction segment.
The stock opened at ₹908.95, hit an intraday high of ₹944.00 — which is also its new 52-week high, and touched a low of ₹904.60. The previous 52-week low stands at ₹445.55. As of 9:38 AM, the shares were trading 4.29% higher at Rs 927.55.
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