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ITD Cementation India has bagged a $67.4 million (Rs. 580 crore) marine construction contract in Abu Dhabi for the Ruwais LNG project, enhancing its international portfolio.
ITD Cementation India Limited has secured a significant international marine infrastructure contract valued at $67.4 million (approximately Rs. 580 crore) for jetty construction in Abu Dhabi. The project is part of the ongoing Ruwais LNG terminal development. The company announced the contract on 27 June, noting that it aligns with its core operations in engineering and marine construction.
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The marine contract is valued at $67.4 million (approx. Rs. 580 crore)
The scope involves jetty construction for the Ruwais LNG project
It is a regular business order in the international marine segment
Adds to ITD Cementation’s growing presence in overseas projects
Follows two recent domestic project wins worth Rs. 960 crore
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In addition to the Abu Dhabi contract, the company secured two domestic contracts in the past week, amounting to Rs. 960 crore. One project involves infrastructure works at Trivandrum International Airport in Kerala, while the other covers the construction of a multi-storey commercial complex in Kolkata. These projects expand the company’s portfolio across transport and urban development.
Project location | Nature of work | Contract value |
Ruwais, Abu Dhabi | Jetty construction (marine) | Rs. 580 crore |
Trivandrum, Kerala | Airport infrastructure development | Included in Rs. 960 crore |
Kolkata, West Bengal | Multi-storied commercial building | Included in Rs. 960 crore |
For the quarter ended 31 March, ITD Cementation reported a 27 percent year-on-year rise in net profit, reaching Rs. 113.6 crore. Revenue grew nearly 10 percent year-on-year to Rs. 2,478.7 crore, driven by consistent project execution. Operating profit stood at Rs. 259.6 crore, with margins improving to 10.5 percent from 9.8 percent last year. The board proposed a final dividend of Rs. 2 per equity share for FY25.
Investors monitoring the ITD Cementation share price may consider this new contract a positive development, reflecting strong order book visibility and international expansion. The Abu Dhabi project is expected to enhance future revenue flows, which could influence ITD Cementation share price performance. With sustained earnings and diversified project wins, market sentiment around ITD Cementation share price may continue to strengthen.
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