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ITD Cementation hits record high on bagging Rs 1,082 crore marine contract in Gujarat

Infrastructure  -  Jun 27,2024  - 

ITD Cementation India has secured a marine contract in Dahej LNG Terminal in Gujarat worth approximately Rs 1,082 crore.

The contract includes constructing Third Berth (Jetty) and specified additional works at Dahej LNG terminal in Gujarat.

“The company has received a marine contract for constructing Third Berth (Jetty) and specified additional works at Dahej LNG terminal in the state of Gujarat worth approximately Rs 1,082 Crore including taxes and duties,” per a filing with the stock exchange.

The contract calls for the construction of a third berth (jetty) as well as extra work at the Gujarat-based Dahej LNG terminal.

In February, ITD Cementation projected an order inflow of Rs 8,000-10,000 Crore for FY25.

According to Prasad Patwardhan, CFO of ITD Cementation, the company now has an order book of over Rs 7,000 Crore, with a few bids still in the queue.

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