Ircon International rises as its JV wins EPC contract worth Rs 631 crore
Ircon International is currently trading at Rs. 208.55, up by 5.95 points or 2.94% from its previous closing of Rs. 202.60 on the BSE.
The scrip opened at Rs. 206.65 and has touched a high and low of Rs. 210.50 and Rs. 204.60 respectively. So far 192931 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 351.65 on 15-Jul-2024 and a 52 week low of Rs. 175.25 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 210.50 and Rs. 186.35 respectively. The current market cap of the company is Rs. 19374.62 crore.
The promoters holding in the company stood at 65.17%, while Institutions and Non-Institutions held 5.80% and 29.03% respectively.
Ircon International (IRCON) has been awarded an EPC contract in JV (AMRIL (74%) -IRCON (26%) through Letter of Acceptance by Office of the Project Director, Externally Aided Projects (EAP), Public Works Department (PWD) Manipur for Construction of Rigid Pavement and Lined Drain of Selected Roads under Imphal East Division (ED-2)-Package 3: Total Road Length-122.209 km. The said order is expected to be executed in 36 months. Broad consideration or size of the contract is Rs 631.20 crore. The company's share in the contract is Rs 164.11 crore.
Ircon International is an integrated Indian engineering and construction company, specializing in major infrastructure projects.
