IRCON gains on getting appointed as ‘Project Implementation Agency’ for project in Myanmar
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Ircon International is currently trading at Rs. 40.35, up by 0.25 points or 0.62% from its previous closing of Rs. 40.10 on the BSE.
The scrip opened at Rs. 41.25 and has touched a high and low of Rs. 41.25 and Rs. 39.85 respectively. So far 96538 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 53.95 on 20-May-2021 and a 52 week low of Rs. 39.00 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 42.60 and Rs. 39.00 respectively. The current market cap of the company is Rs. 3771.47 crore.
The promoters holding in the company stood at 73.18%, while Institutions and Non-Institutions held 3.38% and 23.44% respectively.
IRCON has been appointed as ‘Project Implementation Agency’ for ‘Construction of Road from Paletwa (Myanmar) to Zorinpuri (Mizoram) under Kaladan Muti Modal Transit Transport Project (KMMTTP)’ in Myanmar, on EPC mode at lump sum cost of Rs 1780 crore by Ministry of External Affairs, Government of India. The duration of the project shall be forty months from the effective date i.e. date of execution of the necessary agreement which will be executed within next 14 days.
Ircon International is an integrated Indian engineering and construction company, specializing in major infrastructure projects.
