IVRCL bags civil work contract for Calicut international airport

The power, building and transportation divisions of IVRCL Ltd have bagged orders worth Rs 550.56 crore, including the civil work of Calicut airport.

The power division secured orders worth Rs 394.36 crore from Madhyanchal Vidyut Vitran Nigam Limited, Lucknow, on "turnkey" basis under the Centre's Rajiv Gandhi Gramin Vidyutikaran Yojna Phase-II, IVRCL said in a release today.

It was awarded construction of new international arrival block, internal modification of existing international passengers terminal building and associated works at Calicut International Airport by Airports Authority of India, the infra major further said.

The value of work is Rs 83.85 crore and the completion period is 20 months.

"The company also secured order for major bridge work and other related works between Indiranagar station and Surbarai in connection with doubling of Viramgam-Samakhiali BG section of Western Railway. The completion period is 18 months," IVRCL added.

Shares of IVRCL were quoted at 14.55 apiece, up 1.39 per cent, on BSE during the afternoon trade.

EDITORIAL OF THE DAY

  • Finance minister has been pragmatic in exempting FIIs from MAT claims

    Good sense has finally prevailed in the government, with finance minister Arun Jaitley announcing the income-tax officials will exempt overseas funds

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Amita Sharma

Examining times for learning

The central advisory board of education in its meeting on ...

Zehra Naqvi

If you bend, you won’t break

There’s an ancient exercise about a green, supple new branch ...

Gautam Gupta

Bring on the Benares brigade

It was in 2003 when I first started work and ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture