ITD Cementation India & Adani Group Share Price Rallies on ₹580 Crore Abu Dhabi Project Win

Market Performance

Shares of ITD Cementation India, a key player backed by the Adani Group, jumped nearly 6% on Monday, June 30, touching a record high of ₹941.75.

• The sharp rally follows the company's announcement of a major international contract win.
• This surge marks a 111% jump from its 52-week low of ₹445.60.
• Over the past year, the stock gained around 69%.
• In June alone, it climbed over 29%, building on a 46.6% rise in May, despite a 12.5% dip in April.
• The 5-year performance shows multi-bagger returns of 1,505%, reflecting robust long-term investor confidence.

The positive momentum in the share prices of ITD Cementation India and the Adani Group underscores strong investor interest.

Main News: Big Order Win in Abu Dhabi

On June 27, ITD Cementation India announced a landmark win—an international marine infrastructure project in Abu Dhabi worth $67.4 million (₹580 Crore).

• The contract involves the construction of a jetty for the Ruwais LNG Project.
• This new order is a part of the company's routine international operations.
• The win signals the company's global execution capabilities and adds to its growing overseas portfolio.

This development further strengthens the share prices of ITD Cementation India and the Adani Group, showcasing confidence in the company's project execution abilities.

Company Details & Domestic Orders

Alongside the Abu Dhabi contract, ITD Cementation India has also recently secured two major domestic projects:

• Combined value: ₹960 Crore (excluding GST)
• Locations:
  • Trivandrum International Airport, Kerala
  • Commercial building in Kolkata, West Bengal
• Execution timelines and client details were not disclosed.

These consistent wins bolster its diversified presence across key infrastructure verticals like:

• Airports
• Marine works
• Commercial buildings
• Urban metros

Such diversification continues to be reflected in the strong ITD Cementation India and Adani Group share price trajectories.

Financial Performance Overview (Q4 FY24)

Let's look at the latest quarterly financials for ITD Cementation India (as of March 31, 2024):

Revenue

• ₹2,478.7 Crore, up 10% YoY

EBITDA (Operating Profit)

• ₹259.6 Crore, up 18% YoY

EBITDA Margins

• Improved to 10.5%, compared to 9.8% YoY

Net Profit

• ₹113.6 Crore, a 27% YoY rise

Dividend

• Declared at ₹2 per equity share for FY25

These figures highlight the company's operational efficiency and continued growth—one of the core reasons behind the strong ITD Cementation India and Adani Group share price trend.

Summary of the Article

• ITD Cementation India, an Adani Group-backed infrastructure firm, has secured a ₹580 Crore marine project in Abu Dhabi.
• Additionally, it won ₹960 Crore worth of domestic contracts.
• The company reported strong financial results in Q4 FY24, with double-digit growth across all key metrics.
• The stock has delivered exceptional returns, including a 1,505% growth over the past five years.
• The substantial and diversified order book, coupled with operational performance, continues to positively influence the share prices of ITD Cementation India and the Adani Group.