ITD Cementation India Limited is engaged in the business of providing design, engineering, procurement, and construction (EPC) services for infrastructure projects in India. ITD Cementation India Limited is one of the leading Engineering and Construction Companies undertaking Heavy Civil, Infrastructure and EPC business and operating in India for nine decades with an established presence and expertise in Maritime Structures, Mass Rapid Transit Systems, Airports, Hydro-Electric Power, Tunnels, Dams & Irrigation, Highways, Bridges & Flyovers, Industrial Buildings and Structures, Foundation & Specialist Engineering.
Founded in 1931, ITD Cementation India Ltd. was incorporated in the year 1978. The company has built its reputation as a market leader in several specialized construction segments, with particular expertise in maritime structures and foundation engineering. ITD Cem, with its specialist skills in Maritime Structures has become a leader in the field and has worked in all the small & big ports of the country.
ITD Cementation operates across multiple construction verticals, offering comprehensive solutions for complex infrastructure projects. The company is engaged in the construction of a range of structures, which include maritime structures, mass rapid transport systems (MRTS), dams and tunnels, airports, highways, bridges and flyovers, and other foundations and specialist engineering work. The Company's area of operations includes Maritime Structures; Highways, Bridges & Flyovers; TBM & NATM Tunnels; Foundation & Specialist Engineering; Airport; Industrial Structure & Building; Mass Rapid Transit Systems; Box Pushing, Tube Heading & Microtunnelling; Hydroelectric Power, Dams & Irrigation; and Water & Waste Water.
The company's expertise extends to specialized construction techniques and advanced engineering solutions. The company's operational areas include maritime structures, such as the construction of jetties, dolphins, quays, berths on concrete and steel piles, ship lift, dry dock, wet basic and service platforms, dredging, and reclamation works for ports and construction of ship lift and among others.
As of July 2025, ITD Cem has a market capitalization of ₹14,988 Crore (up 87.1% in 1 year) with revenue of ₹9,097 Crore and profit of ₹373 Crore. The company's financial performance has shown significant improvement, with the company's consolidated net profit jumping 26.9% to ₹113.55 Crore in Q4 FY25 as compared with ₹89.51 Crore in Q4 FY24, while revenue from operations increased 9.8% YoY to ₹2,479.72 Crore in the quarter ended March 31, 2025.
Key financial metrics include:
- Revenue: ₹2,479.72 Crore (Q4 FY25)
- Net Profit: ₹113.55 Crore (Q4 FY25)
- Market Cap: ₹14,988 Crore (July 2025)
- Annual Revenue Growth: 19.53% over 5 years
ITD Cementation has undergone significant corporate restructuring recently. The Board of ITD Cementation India at its meeting held on May 28, 2025, has accepted the resignation of Piyachai Karnasuta from the position of Non-Executive - Non-Independent Director and Chairman of the Company and Santi Jongkongka, Whole time Director designated as Executive Vice Chairman, with effect from May 29, 2025, pursuant to sale and transfer of entire shareholding of Italian Thai Development Public Company, Promoter of the Company to Renew Exim DMCC, and consequent change of ownership and control of the Company.
The Board of ITD Cementation India at its meeting held on May 28, 2025, has approved the appointment of Nitesh Sharma as Chief Financial Officer and Key Managerial Personnel of the company with effect from June 16, 2025.
The company has been securing significant contracts that strengthen its order book. ITD Cementation India Ltd has secured two significant construction contracts worth ₹960 Crore for projects at Trivandrum International Airport and in Kolkata. Additionally, ITD Cementation India Ltd has won a significant contract worth approximately ₹893 Crore for the construction of berth and breakwater structures in Odisha, enhancing its maritime infrastructure portfolio.
The company's recent project wins demonstrate its strong market position and ability to secure high-value contracts across diverse infrastructure segments. These wins further strengthen the company's order book and reinforce its presence in the infrastructure and commercial construction segments across the country.
ITD Cementation India, backed by over eight decades of experience, excels in various construction projects including Maritime Structures, Tunnels, Highways, and Industrial Structures. It is a market leader in Maritime Structures and Foundations, known for expertise and quality. The company's long-standing presence in the construction industry has established it as a trusted partner for complex infrastructure projects.
The company's operational excellence is reflected in its specialized capabilities and technical expertise. ITD Cem was founded on the strength of Ground Engineering expertise and till date, it continues to lead the industry in this field.
ITD Cementation continues to focus on expanding its market presence and securing high-value contracts across various infrastructure segments. The company's strong financial performance, growing order book, and established expertise position it well for future growth opportunities in India's expanding infrastructure sector. With recent leadership changes and new ownership structure, the company is positioned to leverage its technical capabilities and market relationships to drive continued growth and profitability.
