IVRCL Infra bags Chennai Water Supply Project

IVRCL Infrastructures & Projects just a while ago told us that the Chennai region of IVRCL has bagged various water supply and sewage projects worth Rs 368.14 crore in Chennai.

Net profit of IVRCL Infrastructures & Projects rose 80.59% to Rs 37.96 crore on a 58.92% surge to Rs 690.20 crore in sales in Q1 June 2007 over Q1 June 2006. The current price of Rs 379.75 discounts Q1 June 2007 annualised EPS of Rs 11.71 by a PE multiple of 32.42.

The Stock is up 1.96% at Rs 380 and is of Face Value Rs 2.