Archive · 28 Jun 2025
ITD Cementation Bags ₹580-Crore Abu Dhabi Contract
Imagine a company called ITD Cementation that builds things.
They just got a big job in Abu Dhabi to build a jetty, which is like a pier for ships, for a project that turns natural gas into liquid.
This contract is worth a lot of money, about 580 crore rupees.
This company also got other contracts last week.
The company's profits are also doing well.
They made more money in the last few months than they did last year, and their sales are also growing.
This shows they're doing well in the construction business.
ITD Cementation secured a ₹580-crore contract for jetty construction in Abu Dhabi.
The contract is for the Ruwais LNG project.
Last week, the company received ₹960-crore worth of contracts.
Contracts include work at Trivandrum Airport and a commercial building in Kolkata.
ITD Cementation's net profit rose 27% to ₹113.6 crore in Q4, with revenue up nearly 10%.
- Who
- ITD Cementation India Limited.
- What
- ITD Cementation secured a ₹580-crore contract for jetty construction for the Ruwais LNG project.
- When
- The contract was announced on Friday, June 27.
- Where
- Abu Dhabi and various locations in India (Trivandrum, Kolkata).
- Why
- The contract is part of ITD Cementation's business operations, and follows other recent contract wins.
- Contract Value (Abu Dhabi)
- ₹580 crore
- Project
- Ruwais LNG project
- Last Week's Contracts
- ₹960 crore (approx.)
- Q4 Net Profit
- ₹113.6 crore (up 27% YoY)
- Q4 Revenue
- ₹2,478.7 crore (up nearly 10% YoY)
- Dividend
- ₹2 per equity share for FY25
- Stock Price Change
- ₹889.50, up ₹12.40, or 1.41%