ITD Cementation Surges 4.22% After Bagging ₹580 Crore Abu Dhabi Marine Jetty Contract
By Shishta Dutta | Published at: Jun 30, 2025 11:38 AM IST
Mumbai, June 30, 2025 – Shares of ITD Cementation India Ltd (NSE: ITDCEM) jumped 4.22% to ₹926.90 on Monday at 11:13 AM IST, as the company secured a significant international marine infrastructure contract valued at US$ 67.4 million (~₹580 crore) for jetty construction works at the Ruwais LNG Project in Abu Dhabi.
Stock Performance Snapshot (as of 09:51 IST)
| Metric | Value |
|---|---|
| Previous Close | ₹889.40 |
| Open | ₹908.95 |
| Day High | ₹944.00 |
| Day Low | ₹904.60 |
| Last Traded Price | ₹924.20 |
| Change (%) | +₹34.80 (+3.91%) |
| VWAP | ₹920.20 |
| 52-Week High (Today) | ₹944.00 |
| 52-Week Low | ₹445.55 |
ITD Cementation India shares opened strong at ₹908.95 and surged to a new 52-week high of ₹944.00 during the session, while the day’s low stood at ₹904.60. The volume-weighted average price (VWAP) was recorded at ₹920.20. With today’s high, the stock has more than doubled from its 52-week low of ₹445.55, reflecting strong investor momentum and bullish sentiment in recent months.
Order Book Snapshot
| Bid Price | Qty | Ask Price | Qty |
|---|---|---|---|
| ₹924.25 | 168 | ₹924.40 | 7 |
| ₹924.15 | 2 | ₹924.45 | 125 |
| ₹924.10 | 522 | ₹924.60 | 25 |
| ₹924.05 | 78 | ₹924.65 | 6 |
| ₹924.00 | 596 | ₹924.70 | 104 |
- Total Buy Quantity: 86,591
- Total Sell Quantity: 88,486
Strategic Context
The Ruwais LNG project is a major infrastructure undertaking in Abu Dhabi, and this contract win further cements ITD Cementation’s credentials as a key player in global marine and jetty construction. The project involves complex jetty engineering, a segment where the company has previously delivered large-scale works across Indian and international ports.
ITD Cementation India Stock Performance
As of 11:01 AM IST, ITD Cementation India shares have gained 4.22%, trading at ₹926.90 on June 30, 2025. ITD Cementation India shares have gained 64% over the last year, 70.83% year-to-date, and 25% in the previous month.
About ITD Cementation India
ITD Cementation India Limited, listed since February 10, 1999, operates in the civil construction industry with a strong focus on infrastructure projects such as marine works, urban transit, hydro projects, and airports. It is part of the NIFTY Total Market Index, and holds a trailing P/E of 40.84.
The latest contract marks another milestone in the company’s international order book expansion and is expected to support revenue visibility in FY26 and beyond.
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