ITD Cementation
ITD Cementation India, is a subsidiary of theThailand-based Italian-Thai Development Public Company, engaged in the construction of marine structures, highways, bridges & flyovers, metros, airports, hydro-tunneling, dams & canals, water & waste water segment, industrial structures, buildings and specialist foundation engineering projects. ITD acquired 80.4% from Skanska AB in 2004 and currently holds nearly 52% in this company.
The company posted a turnaround for H1CY16 (31st Dec year ending). On a 42% rise in consolidated net sales at Rs.1876 crore, the company recorded a net profit of Rs.282 crore v/s loss of Rs.93 crore in previous H1. It had also ended 2015 with a net loss of Rs.59 crore. Its EBITDA for the first six months of 2016 came in at Rs.108 crore, up 30% though margins slipped a bit from 6.29% to 5.75%. Its order book is at Rs.4435 crore as on June 30, 2016 executable over a period of 20 months.