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.