ITD Cementation India Limited has informed the Exchange regarding a press release dated May 13, 2025, titled "ITD Cementation India Limited secured New Contract Worth ~ Rs 593 Crore including all taxes and duties but excluding GST".
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On the reaction day the stock moved 9.0 pts more than Nifty Smallcap 250 and 8.8 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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ITD Cementation India Limited has secured a new contract valued at approximately Rs 593 crore (including all taxes and duties, but excluding GST) for construction of various infrastructure works at Jaipur International Airport in Rajasthan. The contract falls within the ordinary course of business of the company. ITD Cementation is a leading engineering, procurement and construction (EPC) company with nine decades of experience in heavy civil and infrastructure projects including airports, maritime structures, metros, hydro-power, highways and tunnels. No further details on contract duration, client name, or execution timeline were disclosed in the filing.
This is a sizable order win that should positively impact the company's order book and provide revenue visibility for the coming quarters. Given ITD Cementation's annual revenue base, this single contract likely represents a meaningful single-order contribution and reinforces the company's standing in the airport infrastructure segment, which is generally viewed as a positive signal by investors.