Wednesday, June 19, 2013

IVRCL Ltd: The Chart Turns Bullish
The promoters holding in the company stood at 13.70% while Institutions and Non-Institutions held 26.19% and 60.12% respectively.

Infra player IVRCL is reportedly planning to reduce its debt worth Rs 1,000 crore via stake sale in its special purpose vehicles (SPVs) this year. At present, the company has an order-book of Rs 26,000 crore. However, of the total, orders worth Rs 18,000-20,000 crore are executable.

The company has been performing well in segments like buildings, irrigation but orders from the transmission line segment are at nascent stage.

IVRCL is engaged into engineering procurement and construction (EPC) activities in India. It conducts operations in 5 sectors namely Water and Environment, Transportation, Buildings, Power and Industrial Structures. CLICK HERE.