Shares of ITD Cementation India Ltd jumped over 5% in early trade on June 10, 2025, following the announcement of a major contract win worth approximately ₹893 crore (inclusive of GST). The order involves the construction of a Berth and Breakwater under a Greenfield Captive Jetty development project in Odisha.
According to the company’s June 9 press release, this project enhances ITD’s stronghold in maritime infrastructure, a key focus area for the engineering and EPC player. The company emphasized that the project falls within the normal scope of its business operations.
ITD Cementation, with over 90 years of experience, is a leading player in India’s heavy civil infrastructure sector. Its diverse portfolio spans ports, metros, tunnels, hydroelectric projects, airports, and highways. This new order further reinforces ITD’s track record of executing complex, large-scale infrastructure projects across the country.
The development also reflects the growing infrastructure momentum along India’s eastern coastline, particularly in Odisha, where industrial and port-based activities are seeing fresh investments.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash