ITD Cementation India Limited , a prominent player in the construction and infrastructure sector, has officially rebranded itself as Cemindia Projects Limited. The company recently submitted a compliance certificate to the stock exchanges, marking a significant milestone in its corporate evolution.

Rebranding Process and Compliance

The rebranding initiative involves a change in the company's name from "ITD Cementation India Limited" to "Cemindia Projects Limited." This transformation reflects the company's strategic vision and its commitment to reinforcing its identity in the Indian market.

As part of the rebranding process, Cemindia Projects Limited has taken the necessary steps to ensure compliance with regulatory requirements. The company filed a certificate from a Practicing Chartered Accountant, as mandated by Regulation 45 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Oversight

The compliance certificate, issued by K. M. Rege & Co., Practicing Chartered Accountants in Mumbai, confirms that the company has adhered to the conditions stipulated under Sub-Regulation (1) of Regulation 45 of the SEBI Listing Regulations. Key points from the certificate include:

1. The company has not undergone any name change in the past year, complying with the one-year time period requirement.
2. The proposed name change does not suggest any new activity, maintaining consistency with the company's existing operations.
3. There are no changes in the company's activities or projects associated with the rebranding.

Corporate Communication

Rahul Neogi, the Company Secretary of Cemindia Projects Limited, addressed a letter to the BSE Limited and the National Stock Exchange of India Limited, providing details about the name change process. The letter also acknowledged an oversight in the initial filing of the Annual General Meeting (AGM) notice, where the CA certificate was inadvertently omitted.

Impact and Future Outlook

The rebranding from ITD Cementation to Cemindia Projects signifies a new chapter for the company. While the core business activities remain unchanged, this move may reflect a renewed focus on the Indian market and a potential shift in the company's strategic direction.

Investors and stakeholders will be keen to observe how this rebranding impacts the company's market perception and future growth strategies in the competitive construction and infrastructure sector.

As Cemindia Projects Limited embarks on this new phase, the market will be watching closely to see how the company leverages its established reputation under its new corporate identity to drive growth and create value for its shareholders.

ITD Cementation India Limited, a leading construction company, has reported robust financial results for the first quarter of fiscal year 2026, showcasing strong growth across key metrics and significant order book expansion.

Financial Performance

The company's total operating income for Q1 FY26 stood at INR 2,542.00 crores, marking a 7% year-on-year growth. Profit after tax (PAT) surged by an impressive 37% to INR 137.00 crores, compared to INR 100.00 crores in the corresponding quarter of the previous year. EBITDA also grew by 7% to INR 254.00 crores, with margins maintained at a healthy 10%.

Order Book and New Contracts

ITD Cementation has significantly bolstered its order book, securing contracts worth over INR 2,900.00 crores in Q1 FY26. Additionally, the company bagged orders of INR 1,300.00 crores in July, bringing the total secured orders to INR 4,300.00 crores for the fiscal year to date. The company is also the lowest bidder (L1) for orders worth INR 1,400.00 crores.

Key Project Developments

The company reported several notable achievements across its project portfolio:

• Completed a TBM (Tunnel Boring Machine) breakthrough for the Chennai Metro project
• Made significant progress on the challenging Dahej project
• Successfully executed large-scale piling work in Bangladesh
• Initiated precast construction work in Mundra, receiving customer appreciation

Credit Rating Upgrade

In a testament to its improving financial profile, ITD Cementation's credit rating was upgraded from A to A+ during the quarter.

Management Outlook

The management has expressed optimism about the company's growth trajectory, projecting revenue growth of 20-25% for FY26. They anticipate securing total orders worth INR 15,000.00-16,000.00 crores for the year, with approximately 35% expected to come from group entities.

Financial Position

The company maintains a healthy financial position with a net debt to equity ratio of 0.34x. As of June 30, 2025, the gross debt stood at INR 960.00 crores, with cash and cash equivalents of around INR 290.00 crores, resulting in a net debt of INR 669.00 crores.

Future Opportunities

ITD Cementation is actively pursuing opportunities in various sectors, including marine works, data centers, airports, and underground metro projects. The company is also exploring potential projects in the Middle East, having recently secured an order for marine work from ADNOC in Abu Dhabi.

Conclusion

With a strong order book, improved financial performance, and strategic focus on high-value projects, ITD Cementation appears well-positioned for sustained growth in the coming quarters. The company's ability to maintain margins while expanding its order book demonstrates its operational efficiency and market strength in the infrastructure sector.