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Latest news about Cemindia Projects

Cemindia Projects Receives Rs 15.05 Crore Payment from Delhi Metro Following Arbitration Award 1 day ago Yesterday

Cemindia Projects Limited has received Rs 15.05 crores (net of TDS) from Delhi Metro Rail Corporation (DMRC) on October 18, 2025, following a favorable arbitration award. The original award amount was Rs 15.84 crores. The payment stems from an arbitration initiated by Cemindia Projects against DMRC, with the award passed on July 22, 2025. The company expects this payment to impact its income, cash flow, and tax position positively. DMRC will separately pay the GST on the award amount upon receiving documentary evidence from Cemindia Projects.

ITD Cementation Reports Record Q1 Results with 30% Revenue Growth and First ₹100 Crore Quarterly Profit Sep 05, 2025

ITD Cementation Rebrands as Cemindia Projects, Files Compliance Certificate Sep 03, 2025

ITD Cementation Reports 37% Profit Surge in Q1 FY26, Secures Orders Worth INR 4,300 Crores Aug 04, 2025

ITD Cementation and Reliance Infrastructure Amicably Resolve Arbitration Dispute Aug 01, 2025

More news about Cemindia Projects

30Jul 25

ITD Cementation India Reports Record Q1 Results with 37% Profit Growth

ITD Cementation India Limited announced robust Q1 FY26 results with record-breaking performance. The company achieved its highest quarterly income of Rs 2,542.00 crore, up 7% year-over-year, and a 37% increase in profit after tax to Rs 137.00 crore. EBITDA grew by 7% to Rs 254.00 crore. The company secured new orders worth over Rs 2,900.00 crore, maintaining a strong consolidated order book of Rs 18,820.00 crore. ITD Cementation also became part of the Adani Group during the quarter, with Renew Elim DMCC acquiring a 46.64% stake from the previous promoters and an additional 20.83% through an open offer. ICRA Limited upgraded the company's long-term credit rating to ICRA A+ (Stable).

23Jul 25

ITD Cementation Secures Rs. 15.84 Crore Arbitration Award Against Delhi Metro

ITD Cementation India Limited has won an arbitration case against Delhi Metro Rail Corporation (DMRC), securing an award of Rs. 15.84 crore plus interest. The dispute stemmed from a work contract on the Dwarka-Najafgarh corridor. The company had initially claimed Rs. 57.23 crore for various damages including delays and scope changes. The award was passed by a three-member Arbitral Tribunal on July 22, 2025. ITD Cementation has stated that the financial impact can only be determined upon actual receipt of the awarded amount. The company has disclosed this development to stock exchanges in compliance with SEBI regulations.

23Jul 25

ITD Cementation Secures Rs. 15.84 Crore Arbitration Award in DMRC Dispute

ITD Cementation India Limited has won an arbitration case against Delhi Metro Rail Corporation (DMRC), securing an award of Rs. 15.84 crore plus interest. The dispute stemmed from a work contract on the Dwarka-Najafgarh corridor. The company had initially claimed Rs. 57.23 crore for delay damages and scope changes. The award was passed on July 22, 2025. ITD Cementation's Board of Directors is set to meet on July 30, 2025, to review the financial results for the quarter ended June 30, 2025.

23Jul 25

ITD Cementation Secures Rs. 15.84 Crore Arbitration Award in DMRC Dispute

ITD Cementation India Limited has been awarded Rs. 15.84 crore plus interest by an Arbitral Tribunal in a dispute with Delhi Metro Rail Corporation (DMRC). The arbitration was related to a work contract on the Dwarka-Najafgarh corridor. The company had initially claimed Rs. 57.23 crore for delay damages and changes in work scope. The financial impact will be determined upon receipt of the award. A Board meeting is scheduled to approve Q1 financial results.

30Jun 25

ITD Cementation India Secures Rs 580 Crore International Marine Contract for Abu Dhabi LNG Project

ITD Cementation India has won an international marine contract worth Rs 580.00 crore ($67.40 million) for jetty construction works at the Ruwais LNG project in Abu Dhabi. This contract marks a significant expansion of the company's international operations, showcasing its expertise in complex marine infrastructure projects, particularly in the oil and gas sector. The project is expected to positively impact ITD Cementation India's order book and future revenue streams, potentially opening doors for more international opportunities in the LNG and energy sectors.

27Jun 25

ITD Cementation India Secures ₹580 Crore Abu Dhabi Contract, Reports Strong Q4 Results

ITD Cementation India has been awarded a $67.4 million (₹580.00 crore) marine contract for jetty construction in Abu Dhabi's Ruwais LNG project. This international win follows recent domestic orders worth ₹960.00 crore in Kerala and West Bengal. The company reported a 27% increase in net profit to ₹113.60 crore and a 10% rise in revenue to ₹2,478.70 crore for the fourth quarter. A dividend of ₹2.00 per share has been recommended.

26Jun 25

ITD Cementation Emerges as Lowest Bidder for ₹1,100 Crore Kolkata Metro Birati Project

ITD Cementation India Limited has emerged as the lowest bidder for the Kolkata Metro Birati Project, valued at ₹1,100.00 crore. The project is likely to involve construction or extension of metro lines in Kolkata's Birati area. Being the lowest bidder positions ITD Cementation favorably to secure this significant contract, pending final approvals and negotiations. If awarded, this project would substantially boost the company's order book and reinforce its position in the urban infrastructure sector.

23Jun 25

ITD Cementation Secures ₹4,000 Crore in Projects, Targets 25% Revenue Growth

ITD Cementation India Limited has secured projects worth ₹4,000 crore for the upcoming financial year. The company projects a 25% revenue growth, expects margins to exceed 10% for FY26, and aims for an order inflow of ₹15,000 crore in the current year. These targets reflect the company's strong market position and aggressive growth strategy in the infrastructure sector.

23Jun 25

ITD Cementation Emerges as Lowest Bidder for ₹1,500 Crore Worth of Projects

ITD Cementation India Limited has been announced as the lowest bidder for multiple construction and civil engineering projects collectively valued at approximately ₹1,500 crore. This development puts the company in a favorable position to secure these contracts, potentially boosting its order book significantly. If awarded, these projects could enhance ITD Cementation's revenue growth, market position, and operational scale in the coming years.

20Jun 25

ITD Cementation India Secures Rs 960 Crore in New Orders, Boosts Project Portfolio

ITD Cementation has won two new orders totaling Rs 960 crore. The first project involves construction work at Trivandrum International Airport in Kerala, while the second is for a commercial complex in Kolkata, West Bengal. These orders follow a recent Rs 893 crore contract for a jetty project in Odisha, bringing the total value of recent contracts to Rs 1,853 crore. The diverse nature of these projects across different regions demonstrates ITD Cementation's strong market position and varied capabilities in the construction industry.

19Jun 25

ITD Cementation India: Secures ₹960 Crore in New Orders, Reports Q4 Profit Growth

ITD Cementation India has won two contracts worth ₹960 crore in Kerala and West Bengal. The company reported a 27% increase in Q4 net profit to ₹113.60 crore, with revenue rising 10% to ₹2,478.70 crore. Operating profit grew 18% to ₹259.60 crore. The board recommended a dividend of ₹2 per share.

10Jun 25

ITD Cementation India Secures Rs 893 Crore Contract for Odisha Greenfield Project

ITD Cementation India has won a contract worth Rs 893.00 crore for constructing a Berth & Breakwater as part of a Greenfield Captive Jetty development in Odisha. The project, which falls within the company's ordinary business operations, involves building port facilities to enhance maritime infrastructure in the state. While specific details about the project's location and client are not disclosed, this contract adds to ITD Cementation India's order book and showcases its expertise in large-scale infrastructure projects.

09Jun 25

ITD Cementation India Secures ₹893 Crore Odisha Jetty Project, Boosting Business Growth

ITD Cementation India has been awarded a ₹893 crore contract for constructing berth and breakwater structures for a greenfield captive jetty development in Odisha. This follows a recent ₹593 crore contract for Jaipur International Airport infrastructure works. The company's Q4 results showed a net profit of ₹113.60 crore (27% year-on-year increase) and revenue of ₹2,478.70 crore (10% year-on-year increase).

15May 25

ITD Cementation India Ltd Sets Ambitious 25-30% Growth Target for FY26

ITD Cementation India Ltd aims for 25-30% top-line growth in FY26, focusing on cost control and margin improvement. The company expects improved order booking from both government and private sectors. Q4 FY25 results show 18% revenue growth and 27% increase in net profit to Rs 113.00 crore, supporting their ambitious growth plans.

14May 25

ITD Cementation India Secures ₹593 Crore Contract, Boosts Q4 Profits

ITD Cementation India has won a ₹593 crore contract for infrastructure works at Jaipur International Airport. The company reported a 27% increase in net profit to ₹113.60 crore and a 10% rise in revenue to ₹2,478.70 crore for Q4. The board recommended a dividend of ₹2.00 per equity share for FY25. Following these developments, the company's stock price surged by 12%.

14May 25

ITD Cementation India: Q4 Profit Surges 27%, Dividend Announced

ITD Cementation India has reported strong Q4 FY25 results with a 27% increase in consolidated net profit to ₹113.00 crore. Revenue grew by 9.8% to ₹2,480.00 crore, while EBITDA rose 17.6% to ₹260.40 crore. The company has proposed a final dividend of ₹2.00 per equity share for FY25.

13May 25

ITD Cementation India Reports Strong Q4 Results, Recommends Dividend

ITD Cementation India Ltd announced strong Q4 FY25 results with consolidated net profit rising 27% to ₹113.60 crore. Revenue increased 10% to ₹2,478.70 crore, while operating profit grew 18% with margins expanding to 10.50%. The company's board recommended a dividend of ₹2.00 per equity share for FY25. The robust performance is attributed to a strong order book and efficient project execution in infrastructure projects.

19Mar 25

ITD Cementation India Faces Legal Challenge to 102.2 Million Rupee Arbitration Award

ITD Cementation India's joint venture won an arbitration award of 102.20 million rupees against Pune Municipal Corporation (PMC). However, PMC has filed a legal challenge under Section 34 of the Arbitration and Conciliation Act, 1996, contesting both the original award from September 18, 2024, and a corrected award from December 7, 2024. The challenge, filed on January 29, 2025, includes an interim application for a stay on the award's operation, potentially delaying or altering the expected financial benefit for ITD Cementation.

06Mar 25

ITD Cementation India Secures Subcontract for Vadhavan Port Project

ITD Cementation India Limited is overseeing a significant dredging contract for the new Vadhavan Port in Maharashtra. A joint venture between DEME and Jan De Nul will act as subcontractors, with work including nearshore reclamation and shore protection. Construction is set to begin in Q3 2025, with DEME's share valued at up to 50 million euros. This project enhances ITD Cementation's portfolio in large-scale infrastructure development and positions the company for potential future growth in the maritime sector.

05Mar 25

ITD Cementation Secures Major Contract for Vadhavan Port Project

ITD Cementation India Ltd has been awarded a significant contract for the development of the new Vadhavan Port in Maharashtra, India. The project, set to begin in Q3 2025, involves collaboration with a joint venture between DEME and Jan De Nul for dredging works. The scope includes nearshore reclamation and shore protection works. While ITD Cementation's contract value is undisclosed, DEME's part in the subcontract is valued at up to 50 million euros, indicating the project's substantial scale.