ITD Cementation India Limited
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BSE Code:
509496
NSE Code:
ITDCEM
Business Profile
Business Profile
ITD Cementation India (ITDCEM) is a construction company. A subsidiary of Italian-Thai Development Public Company, Thailand, the company was incorporated as Cemindia Company on Jun. 24, 1978 and got its current name on May 26, 2005.
The company is engaged in physical infrastructure development of marine structures, foundations, transportation projects (highways, railways and major bridge projects), ground and specialist engineering, hydro electric power projects, tunnels, industrial civil works, dams and urban infrastructure. It has completed the rehabilitation and widening work on a highway in the Visag-Ichhapuram section; design and construction of a 450 M long structural steel bridge over Mandovi River, Goa; construction of Mansi Wakal dam, Udaipur; among other projects.
ITD Cementation India has joint ventures with ITD for a Rs 1,573 million contract to rehabilitate and upgrade lane configuration in Madhya Pradesh; a Rs 2,055 million contract for construction of a four-lane bypass in Rajasthan; a Rs 8.93 billion contract for underground metro construction and Rs 1,886 million contract for work on five elevated stations along the Qutub Minar-Gurgoan corridor for Delhi Metro Rail corporation (DMRC). It has undertaken projects like the container terminal for PSA in Chennai, shore piling for Bombay Dyeing at the Mumbai road underpass by box jacking at Azadpur, Delhi, and has been awarded many others.
The company has been awarded the Gujarat Pipavav Port Safety Trophy in 2007. It is ISO-9001:2000, ISO-14001:2004, and OHSAS-18001:1999 certified. Clients include CIDCO (Maharashtra), DMRC, Department of Irrigation & CAD, Hindustan Zinc IFFCO, National Highways Authority of India, Nhava Sheva International Container Terminal, Tata Power Company, and many more.
The registered Office of ITD Cementation India is located at Apeejay House, Dinshaw Vachha Road, Mumbai-400020, India.
Financials
ITD Cementation India registered a 1,529.14% growth in net profit to Rs 28.51 million for the quarter ended June 2007 from a profit of Rs 1.75 million for the quarter ended June 2006.
Net sales rose 42.16% to Rs 1,828.43 million for the quarter ended June 2007 from Rs 1,286.2 million for the quarter ended June 2006.
Total income rose 44.15% to Rs 1,874.62 million for the quarter ended June 2007 from Rs 1,300.46 million for the quarter ended June 2006.
The earnings per share (EPS) of the company stood at Rs 4.95 for the quarter ended June 2007.
On a consolidated basis, the company registered a profit of Rs 28.51 million for the quarter ended June 2007.
It recorded a net sales of Rs 2,101 million for the quarter.
Total income was Rs 2,131.23 million for the quarter ended June 2007.
The earnings per share (EPS) of the company stood at Rs 4.95 for the quarter ended June 2007.
Recent Developments
23-AUG-07
ITD Cementation India in joint venture (JV) with its promoter, Italian-Thai Development Public Company, bagged an order from Delhi Metro Rail corporation (DMRC) for Rs 8.93 billion. The project covers a distance of over five kilometers of underground metro construction and is to be carried out with advanced tunnel boring machines. The areas of the project includes the Khan Market, Jawaharlal Nehru station, Jangpura stations and ancillary works on the Central Secretariat - Badarpur Corridor of Delhi MRTS. The project is scheduled to be completed in 35.5 months.
21-MAY-07
The board of directors decided to raise funds upto Rs 2,500 million through issue of equity shares by way of rights.