Ircon International soars on executing MoUs with Northeast Frontier Railway
Ircon International is currently trading at Rs. 209.20, up by 1.80 points or 0.87% from its previous closing of Rs. 207.40 on the BSE.
The scrip opened at Rs. 213.80 and has touched a high and low of Rs. 213.80 and Rs. 208.75 respectively. So far 243135 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. 167.75 on 29-Dec-2023.
Last one week high and low of the scrip stood at Rs. 221.75 and Rs. 206.95 respectively. The current market cap of the company is Rs. 19764.94 crore.
The promoters holding in the company stood at 65.17%, while Institutions and Non-Institutions held 5.84% and 28.99% respectively.
Ircon International (IRCON) and Northeast Frontier Railway have executed terms and conditions / Memorandum of understanding (MoUs) for Outsourcing of TRD Maintenance & Breakdown attention work under Nine OHE Depots of newly commissioned OHE & PSI Assets of Tinsukia Division of Northeast Frontier Railway amounting to around Rs 39 crore and Outsourcing of TRD Maintenance & Breakdown attention & related work under 11 Nos OHE Depots of newly commissioned OHE & PSI Assets of Lumding Division of Northeast Frontier Railway amounting to around Rs 50 crore. Total consideration for both the works would be around Rs 89 crore.
Ircon International is an integrated Indian engineering and construction company, specializing in major infrastructure projects.