ITD Cementation India Share Price Soars 9% After ₹893 Crore Odisha Jetty Project Win

Market Performance

The ITD Cementation India share price opened at ₹800 on Tuesday, up 5.2 % from the previous close of ₹760.20.

It quickly climbed to an intraday high of ₹830.65, marking a 9.3 % jump within minutes.

Recent price highlights

• 1-month move: ~ 50 % rise
• 5-year return: ~ 1,750 % multi-bagger surge
• Market cap segment: Mid-cap

These swift gains underline the market's reaction to the company's newest contract win.

Main News – ₹893 Cr Greenfield Captive Jetty Contract

On 9 June 2024 (post-market hours), ITD Cementation India announced a ₹893 Crore (incl. GST) order for:

• Scope: Construction of Berth & Breakwater works
• Project: Development of Greenfield Captive Jetty(s)
• Location: Odisha

The order adds a sizable chunk to the company's order book, showcasing its core strength in maritime infrastructure.

Company Details

ITD Cementation India's share price movements are backed by the firm's nine-decade legacy in heavy civil engineering and EPC projects. Key verticals include:

• Maritime Structures & Ports
• Mass Rapid Transit Systems
• Airports & Hydro-Electric Power
• Tunnels, Dams & Irrigation
• Highways, Bridges & Flyovers
• Industrial Buildings & Water Management

This diversified portfolio positions the company as a trusted player for large-scale infrastructure contracts across India.

Summary

• ITD Cementation India's share price spiked 9% to an intraday high of ₹830.65 after securing a ₹893 Crore jetty contract.
• The Odisha project strengthens the firm's maritime order book and underscores its execution capability.
• With a robust presence in multiple infrastructure segments and a nearly century-long track record, the ITD Cementation India share price remains a focal point for market watchers tracking mid-cap engineering plays.