Ircon International rises on bagging order worth Rs 122 crore
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Ircon International is currently trading at Rs. 65.65, up by 0.80 points or 1.23% from its previous closing of Rs. 64.85 on the BSE.
The scrip opened at Rs. 65.85 and has touched a high and low of Rs. 66.80 and Rs. 65.50 respectively. So far 632502 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 66.80 on 07-Dec-2022 and a 52 week low of Rs. 34.80 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 66.80 and Rs. 59.00 respectively. The current market cap of the company is Rs. 6099.24 crore.
The promoters holding in the company stood at 73.18%, while Institutions and Non-Institutions held 3.30% and 23.52% respectively.
Ircon International (IRCON) has been awarded the work for procurement of Design, Installation, Testing, Commissioning and Certifying of signalling and Telecommunication system from Maho junction (Including) to Anuradhapura (Excluding) by Sri Lanka Railways, Ministry of Transport, Sri Lanka, under Indian Line of Credit at a total price of $14.89 Million equivalent to approximately Rs 122 crore. This work has been awarded on competitive bidding basis and the contract period will be 24 months.
Ircon International is an integrated Indian engineering and construction company, specializing in major infrastructure projects.
