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

  • Public sector banks need to be independent of govt ownership

    The RBI, in its financial stability report released last week, has flagged off concerns about the deteriorating asset quality of public sector banks.

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

Simon J Evenett

Will Germany be able to deliver?

The BRICS aren’t the only countries whose stature has grown ...

Rajgopal Nidamboor

Up the ante of your conscious existence

It sounds cryptic, but is not as complex as it ...

Gautam Gupta

The ‘fake’ issue needs to be taken seriously

E-commerce players are witnessing unbelievable growth globally. Competition is increasing ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture