Ircon International rises on bagging LoA worth Rs 253.56 crore
Ircon International is currently trading at Rs. 190.10, up by 1.80 points or 0.96% from its previous closing of Rs. 188.30 on the BSE.
The scrip opened at Rs. 191.00 and has touched a high and low of Rs. 193.80 and Rs. 188.40 respectively. So far 763086 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. 134.30 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 201.80 and Rs. 174.05 respectively. The current market cap of the company is Rs. 17893.31 crore.
The promoters holding in the company stood at 65.17%, while Institutions and Non-Institutions held 5.96% and 28.87% respectively.
Ircon International has received Letter of Acceptance (LoA) from South Western Railway, Indian Railway for survey, design, supply, installation, testing and commissioning of KAVACH equipment and other associated works over 778 RKM of Bengaluru and Mysuru Divisions of South Western Railway. Broad consideration or size of the order is Rs 253.56 crore. The order is to be executed within 18 months from date of issue of LoA
Ircon International is an integrated Indian engineering and construction company, specializing in major infrastructure projects.
