Projects worth Rs. 1,867.19 Crores in IVRCL kitty
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As per the sources available to www.propertykhazana.com, Hyderabad City-based Infrastructure Company IVRCL Limited has luckily grabs two orders costing of about Rs. 1,867.19 Crores for its quarry and water division. This information pushed up the IVRCL’s scrip by 2.13% for Rs. 38.35 on the Bombay Stock Exchange in the first business. Hindustan Copper Ltd, GOI enterprises issued a letter of intent to IVRCL-led group to upgrade the 5 MTPA capacities at the Malanjkhand Copper project in Madhya Pradesh. The venture is valued of Rs. 1,176.12 Crores and the agreement period is for 5 years and this venture will be the biggest underground quarry venture to come up in the country.
Revealed sources to www.propertykhazana.com discloses, the Malanjkhand Copper venture is the only leading copper dump in India with the estimation funds of Rs. 268 MT of 0.97% copper ore and is supplied around 70% of HCL’s copper manufacture. HCL has decided to upgrade the Malanjkhand copper venture by developing an underground quarry of 5 MTPA and the quarry is separated into two parts North Quarry and South Quarry, each of them will manufacture 2.5 MTPA.
Meantime, the second order grabbed by the IVRCL is worth of Rs. 691.07 Crores and involves the supply, lowering, laying and commissioning of mass water transmission in the Kutch area under the ‘Swarnim Gujarat Saurashtra-Kutch water programme’ of Gujarat Water Infrastructure Ltd. And the steel necessity for the venture ordered is 91,914 tons.
Source: NIMMA BENGALURU
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