Ircon International soars on bagging order worth Rs 256 crore
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Ircon International is currently trading at Rs. 41.90, up by 1.50 points or 3.71% from its previous closing of Rs. 40.40 on the BSE.
The scrip opened at Rs. 42.90 and has touched a high and low of Rs. 42.90 and Rs. 41.70 respectively. So far 82331 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 53.35 on 25-Oct-2021 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. 43.35 and Rs. 40.10 respectively. The current market cap of the company is Rs. 3799.68 crore.
The promoters holding in the company stood at 73.18%, while Institutions and Non-Institutions held 3.21% and 23.60% respectively.
Ircon International has been awarded the work of Stage-III i.e. Detailed Engineering and Project Management Consultancy (PMC) Services for ‘Development of Rail Infrastructure for proposed 02 nos. RLS (20 MTY) for Ananta OCP of Jagannath Area at Talcher’ by Mahanadi Coalfields (MCL) at total value of Rs 256 crore. The duration of the project shall be 15 months from the date of receipt of LoA/ Work Order from MCL.
Ircon International is an integrated Indian engineering and construction company, specializing in major infrastructure projects.
