ITD Cementation bags major metro project from DMRC

ITD Cementation India Ltd has announced that the Company in joint venture with its promoter, Italian-Thai Development Public Company Ltd, Thailand one of the leading contracting organization is South East Asia, has been awarded Letter of Acceptance from the Delhi Metro Rail corporation for an Rs 893 Crores contract.

This project, covering a distance of over five kilometers of underground metro construction is to be carried out with advanced tunnel boring machines and 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 for completion in 35.5 months. (154 weeks)

This is the second contract warded to the ITD - ITDCem Joint Venture by DMRC. They are already executing a Rs 188 Crore contract for the elevated corridor on the Qutub Minar - Gurgaon Corridor, including viaduct and structural work of five elevated stations for the Delhi MRTS.

The Joint Venture benefits from Italian - Thai Development Public Company Ltd's experience in implementation of major MRTS projects in Thailand and Taiwan, combined with ITD Cementation India Ltd's experience in various phases of the Delhi MRTS.

Source : Equity Bulls

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