IVRCL has surged 6% to Rs 20.45 after the company announced that its various divisions have bagged fresh orders amounting to Rs 639 crore.

IVRCL Ltd today said its transportation and building divisions have bagged orders worth nearly Rs 639 crore.

Infrastructure developer IVRCL Limited is going slow on its proposal to monetise three more build, operate and transfer projects in the light of expectations that the Union government will soon take a decision to allow 100 per cent stake sale in BOT

IVRCL is trading lower by 3% at Rs 19.90 after the National Stock Exchange (NSE) excluded the infrastructure major from its derivative segment.

Stake sale in three build-operate-transfer BOT road projects has come as big relief for IVRCL, which had in the past seen significant downgrades due to delay in monetisation of assets and increasing liquidity issues.

IVRCL is looking to sell three of its toll projects to TRIL Roads, the company has said.

As lesser traffic moves across Kumarpalyam and Salem in Tamil Nadu, the road project which connects them has been downgraded to IND BB-, with a negative outlook by India Ratings.

IVRCL has plunged almost 14% to Rs 30.95, also its 52-week low, on back of heavy volumes in late trades on the National Stock Exchange (NSE).

Hyderabad-based infrastructure company IVRCL Limited on Friday stated that it bagged orders of Rs 378.36 crore.

The share price of Hyderabad-based infrastructure firm IVRCL plunged today following a report in an English daily on the death of a National Highways Authority of India (NHAI) consultant said to be overseeing the company’s road project.

Infrastructure major IVRCL Ltd has stopped work in the about Rs 300-crore hydel power project in Nepal, which it had won in 2010, demanding increase in the budget, sources said.

The Ministry of Environment and Forest has rejected infrastructure giant IVRCL Ltd's two sand mining projects in Uttar Pradesh due to improper documentation of mining area and environmental issues.

Even after the Essel Group sold its entire stake in infrastructure company, IVRCL, investor interest remains good. Funds like Merrill Lynch and Societe Generale have recently bought 4.22 million shares of IVRCL at Rs 46-47 apiece.

IVRCL Limited, a city-based infrastructure major, has bagged multiple orders valued at Rs 514.75 crore under its buildings, power and transportation divisions.

The Subhash Chandra-promoted Essel group’s paring its stake in IVRCL Limited augurs well for the Hyderabad-based infrastructure major, according to IVRCL’s executive director (finance) and group chief financial officer, R Balarami Reddy.

Essel Group today sold 1.5% stake in IVRCL Ltd for about Rs 20 crore, lowering its stake in the infrastructure firm to about 3%.

IVRCL has tanked 8% to Rs 44, extending its previous day’s 6% fall, after Essel Group sold more than 5% stake in the infrastructure company through open market transaction for Rs 68 crore on Thursday.

The irrigation, water and power divisions of Hyderabad-based infrastructure major, IVRCL Limited, have bagged orders aggregating Rs 959.04 crore.

Hyderabad-based infrastructure company IVRCL has finally taken a tough stand on the possible hostile takeover by Essel Group.

The Hyderabad-based infrastructure company, IVRCL, is putting six of its 10 road projects on the block, to retire at least a fifth of the Rs 5,000-crore consolidated debt by the end of the current financial year.