Ircon International surges as its JV receives LoA for construction of Kottavalasa-Koraput Doubling Project
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Ircon International is currently trading at Rs. 257.50, up by 6.70 points or 2.67% from its previous closing of Rs. 250.80 on the BSE.
The scrip opened at Rs. 258.00 and has touched a high and low of Rs. 266.95 and Rs. 256.00 respectively. So far 1417637 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 280.90 on 23-Jan-2024 and a 52 week low of Rs. 73.25 on 28-Apr-2023.
Last one week high and low of the scrip stood at Rs. 266.95 and Rs. 219.80 respectively. The current market cap of the company is Rs. 23588.13 crore.
The promoters holding in the company stood at 65.17%, while Institutions and Non-Institutions held 6.16% and 28.67% respectively.
Ircon International (IRCON) under its Joint Venture with Dineshchandra R Agrawal Infracon (DRA) i.e. Ircon-DRA JV has been awarded the Letter of Award (LoA) for the construction of Kottavalasa-Koraput Doubling Project from Km. 45.483 to Km. 72.550 from Shivalingapuram Station to Borraguhalu Station in connection with Kottavalasa Koraput Doubling Project of Waltair Division, East Coast Railway on EPC mode at a quoted bid price of Rs 1198.09 crore. The said contract is expected to be executed in 1260 days.
Ircon International is an integrated Indian engineering and construction company, specializing in major infrastructure projects.
