ITD Cementation Shares gains on Mumbai Metro Rail Corporation


New Delhi: On Thursday Larsen & Toubro, ITD Cementation and HCC gained subsequent to they won contracts from the Mumbai Metro Rail Corporation as fraction of third phase of the metro network. Shares of ITD Cementation surged as much as 11.69 per cent in the near the beginning buy and sell. The scrip commences the day at Rs 147.10 and has reached an elevated and low down of Rs 160.45 and Rs 147.10, correspondingly, in buy and sell. ITD Cementation combined venture established an organizer for scheming and building of subversive sections counting 3 secretive stations at Siddhivinayak, Dadar and Shitaladevi Temple and Associated Bored Tunnels. The whole value of the agreement is approximately Rs 2,830 crore. J Kumar Infraprojects shares increased almost 6 per cent in the early operate. Shares of the corporation opened the day at Rs 248.90 and have touched an elevated and low of Rs 256.65 and Rs 245.55, respectively, in trade so far. On Thursday Infrastructure company J Kumar Infraprojects Ltd conveyed that, its joint venture  has won a contract worth about Rs 5,012 crore from Mumbai Metro Rail Corporation Ltd MMRCL) for Metro Line 3 development.

Larsen & Toubro gained and Hindustan Construction Company was also buying and selling higher in the early operates. Shares of HCC were buying and selling almost 3 per cent up at Rs 23.70 (at 9.41 am). L&T was operating 0.05 per cent up at the similar time. On Tuesday both of these companies made the declaration about the contract through the market hours. HCC on Tuesday conveyed that, its joint venture with MMS of Russia has won an Rs 2,523 crore arrange from Mumbai Metro Rail Corporation Ltd (MMRCL). HCC is the lead associate in the joint venture. MMRCL has rewarded an Rs 5,273-crore agreement to L&T, the scope of which includes design and construction of subversive stations and connected tunnels for package-1 and package-7 of the Metro III project. L&T will have to construct subversive stations at Cuffe Parade, Vidhan Bhavan, Church Gate, Hutatma Chowk with connected tunnels from Cuffe Parade to CST for package-1 and underground stations at Marol Naka, MIDC and SEEPZ with linked tunnels as of International Airport to SEEPZ for package-7.