Ircon International moves higher on securing LoA from Rail Vikas Nigam
Ircon International is currently trading at Rs 191.15, up by 4.20 points or 2.25% from its previous closing of Rs 186.95 on the BSE.
The scrip opened at Rs 192.10 and has touched a high and low of Rs 195.00 and Rs 190.60 respectively. So far 898527 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52-week high of Rs 329.50 on 19-Jul-2024 and a 52-week low of Rs 134.30 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs 195.00 and Rs 186.25 respectively. The current market cap of the company is Rs 17963.85 crore.
The promoters holding in the company stood at 65.17%, while Institutions and Non-Institutions held 6.45% and 28.38% respectively.
Ircon International has been awarded with Letter of Award (LoA) for the project floated by Rail Vikas Nigam (RVNL) (Participated in this bid in JV mode with M/s JPWIPL (i.e., IRCON - 70% & JPIWL - 30%). The LoA is for 'Construction of Roadbed, Minor Bridges, Buildings, Installation of Track (Excluding Supply of Rails, Sleeper & Thick Web Switches), and other Civil Engineering and General Electrical Works in connection with New BG Railway Line Between Pipaliya Nankar (Excl.) - Budni (Incl.) Stations (Chainages 129.000 - 198.000 Km) in Indore-Budni section of Bhopal Division West Central Railway in Madhya Pradesh State, India.' The size of the order is Rs 755.78 crore (IRCON share is Rs 529.04 crore).
Ircon International is an integrated Indian engineering and construction company, specializing in major infrastructure projects.
