IVRCL awarded Rs 1,266 crore worth orders by KNNL, BHEL

HYDERABAD: IVRCL Limited on Monday informed that the irrigation and water divisions of the company has bagged orders worth Rs 1,255.67 crore with majority of the works from Karnataka government and the state-run BHEL.

Karnataka Neeravari Nigam Limited ( KNNL) has awarded Rs 1,022.58 crore worth of Tubch-Babaleshwar lift irrigation works while Rs 137.49 crore worth civil order was received from BHEL, IVRCL said in a statement.

The KNNL work involves survey, investigation, design, supply, installation, testing and commissioning of head works.

This includes all required structures, pipe line, and motors with pumps and electro mechanical works along with operation and maintenance requirements for five years, the company said.

Tubchi-Babaleshwar Lift Irrigation Scheme aims at providing water from river Krishna for development of drought prone areas of Jamakhandi Taluka (8 villages), Athani Taluka (5 villages) and Bijapur Taluka (24 villages), it added.

At IST 1 pm, IVRCL shares were trading at Rs 15.45 apiece on the Bombay Stock Exchange, up 5.10 per cent.