Ircon International surges on executing contract agreement with Sri Lanka Railways
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Ircon International is currently trading at Rs. 145.65, up by 4.20 points or 2.97% from its previous closing of Rs. 141.45 on the BSE.
The scrip opened at Rs. 142.95 and has touched a high and low of Rs. 147.30 and Rs. 139.40 respectively. So far 1654455 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 174.55 on 12-Sep-2023 and a 52 week low of Rs. 38.60 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 147.40 and Rs. 132.70 respectively. The current market cap of the company is Rs. 13708.02 crore.
The promoters holding in the company stood at 73.18%, while Institutions and Non-Institutions held 6.22% and 20.59% respectively.
Ircon International has executed the contract agreement with Sri Lanka Railways, Ministry of Transport, Sri Lanka for the work of procurement of Design, Installation, Testing, Commissioning and Certifying of Signalling and Telecommunication system from Maho Junction (Including) to Anuradhapura (Excluding) under Indian Line of Credit at a total price of $14.89 Million equivalent to around Rs 122 crore on September 21, 2023. The work will be completed by Ircon International within 24 months from the date of signing of contract.
Ircon International is an integrated Indian engineering and construction company, specializing in major infrastructure projects.
