IVRCL Ltd has bagged several orders in all worth Rs 2,632.85 crore through its irrigation and water divisions in Karnataka and Andhra Pradesh.
In a statement to the BSE, the Hyderabad-based engineering and construction company has informed that it has bagged three major irrigation project orders worth Rs 2,492 crore from Karanataka Neeravari Nigam Ltd under Package II, III and V, worth Rs 685 crore, Rs 1,135 crore and Rs 543.28 crore respectively. These projects are to be executed within 36 months.
It has also bagged two more orders in Karanataka from Krishna Bhagya Jala Nigam Ltd worth Rs 101.19 crore and Rs 26.70 crore to be executed over 24 months.
In yet another project mandate, which is from the water division of the company, IVRCL secured a project that entails setting up of a drinking water project in Andhra Pradesh from INCAP, Hyderabad, worth Rs 140 crore. This is to be executed within 18 months.
IVRCL shares were trading at Rs 10.87, up 5.84 per cent on the BSE during the day’s trade.