ITD Cementation bags ₹580 crore order in Abu Dhabi for jetty construction

ITD Cementation bagged an international marine contract on Friday, June 27, worth ₹580 crore (or $67.4 million) for a project in Abu Dhabi.

The contract is for the building a jetty for the Ruwais liquefied natural gas (LNG) project in Abu Dhabi.

The Ruwais LNG project is a large-scale LNG export facility being developed in the Al Ruwais Industrial City. It will be the first LNG export facility in the Middle East and North Africa region (MENA) to operate on clean power.

The Ruwais LNG project is led by the Abu Dhabi National Oil Company (ADNOC), which has a 60% stake in the project. The remaining 40% is equally split between Mitsui & Co., Shell and Total Energies at 10% each.

ITD Cementation’s other orders

Last week, ITD Cementation secured two new contracts worth ₹960 crore (excluding GST). The first order is for the construction of various project works at the Trivandrum International Airport in Kerala, while the second is for the construction of a multi-storied commercial building in Kolkata, West Bengal.

Dividend record date

On June 20, ITD Cementation’s board of directors fixed August 18, 2025, as the record date for determining the entitlement of its members for the payment of the final dividend for FY25.

The company’s board had recommended a final dividend of ₹2 per share on 17,17,87.584 equity shares of ₹1 each (200%), subject to shareholder approval at the ensuing Annual General Meeting (AGM) on August 7, 2025.

ITD Cementation stock hits 52-week high

Shares of ITD Cementation reached a 52-week high of ₹900.8 apiece during Friday’s trading session. It closed 0.94% higher at ₹886.3 apiece on the National Stock Exchange (NSE). However, the announcement came after the market closed.

The scrip gained 10.53% over the week and 24.42% since the beginning of June. It has surged 59.59% so far in the first quarter of FY26 and 65.27% on a year-to-date basis.

It hit a 52-week low of ₹445.55 almost a year ago on July 8, 2024.

ITD Cementation’s total market capitalisation stood at ₹15,225.53 crore, as of June 27, 2025, as per the data on the NSE.