Latest news with #IrconInternational
&w=3840&q=100)
Business Standard
21-07-2025
- Business
- Business Standard
Ircon International share price increases 4% on multiple deal wins; details
Ircon International share: Ircon International share was buzzing in trade on Monday, July 21, 2025, with the stock rallying up to 4.30 per cent to hit an intraday high of ₹195 per share. Around 1:10 PM, Ircon International share price was trading 2.01 per cent higher at ₹190.70 per share. In comparison, BSE Sensex was trading 0.40 per cent higher at 82,084.18 levels. Why were Ircon International shares buzzing in trade today? Ircon International share price was in focus today after the company announced securing multiple infrastructure project contracts. Firstly, Ircon International Limited received a Letter of Award (LoA) from Rail Vikas Nigam Limited (RVNL) for an infrastructure project in Madhya Pradesh. The contract has been awarded to a joint venture (JV) between IRCON (70 per cent share) and JPWPL (30 per cent share). The scope of the work includes the construction of roadbed, minor bridges, buildings, and installation of track (excluding the supply of rails, sleepers, and thick web switches), along with electrical, signaling, and telecommunication (S&T) works. These civil engineering and general electrical works will be carried out in connection with the new broad gauge (BG) railway line between Pipariya (Km 82100) and Budni (Km 180000), under the Bhopal Division of the West Central Railway in Madhya Pradesh. The contract is classified as a domestic item rate contract, and the total duration for execution is 36 months, along with a 6-month defect liability period. The total contract value is ₹755.78 crore, out of which IRCON's share amounts to ₹529.04 crore. Secondly, Mumbai Metropolitan Region Development Authority (MMRDA) has awarded a contract to Ircon International for the execution of works related to the Mumbai Metro Line 5 (Package-2). The scope of the contract involves detailed design, manufacturing, supply, installation, integration, testing, and commissioning of the 220 kV receiving substation, including 220 kV, 33 kV, and 25 kV cabling work. Additionally, the project covers a 25 kV overhead catenary system (OCS) along with switching stations, auxiliary substations (ASS), and complete SCADA system integration. The awarded contract also includes electrical and mechanical works, lift and escalator works for parts of the main line, stations, and the Kasheli Depot. The total duration for the contract execution is 108 weeks, followed by 2 years of Defect Liability and Maintenance Period (DLMP), and an additional 5 years of comprehensive maintenance thereafter. The contract has been awarded as a domestic work contract, and its total value stands at ₹471.29 crore, inclusive of taxes. Lastly, Ircon International has been awarded a contract by the Mumbai Metropolitan Region Development Authority (MMRDA) for the execution of key systems works under Mumbai Metro Line 5. The awarded contract pertains to CA-233, Line-5, Package-2, and includes the design, manufacture, supply, installation, integration, testing, and commissioning of the power supply and traction system. It also covers lift and escalator works, along with 2 years of Defect Liability Maintenance and 5 years of Comprehensive Maintenance. The scope of work includes Electrical and Electromechanical (E&M) works, as well as systems for the Electrical and Electromechanical Interface (EEEI) of the Mumbai Metro Rail Project of MMRDA. The total contract value is ₹642.44 crore, excluding taxes. The project is expected to be executed over a period of 104 weeks, followed by 2 years of Defect Liability Maintenance and 5 years of Comprehensive Maintenance after the completion of the defect liability period. About Ircon International Established in 1976 under the Indian Companies Act 1956 by Indian Railways, Ircon International Limited (Ircon) is an engineering and construction corporation specialising in transport infrastructure. The company specialises in turnkey construction services, including railways (new lines, rehabilitation/conversion, stations, bridges, tunnels, signalling, electrification, and locomotive leasing), highways, EHV sub-station projects, and metro rail systems. Over the years, it has diversified into various segments of transport and infrastructure development. The market capitalisation of Ircon International is ₹18,043.7 crore, according to BSE. The company falls under the BSE 500 index category.
Time of India
21-07-2025
- Business
- Time of India
Ircon International shares jump over 4% on bagging multiple contracts
Synopsis Ircon International's shares saw a rise following the acquisition of contracts valued at Rs 755.78 crore. A joint venture with RVNL secured a project, with Ircon's share at Rs 529.04 crore. MMRDA awarded Ircon contracts for Mumbai Metro Lines 5 and 6. The company's Q4 net profit saw a slight decline.
Business Standard
19-07-2025
- Business
- Business Standard
Ircon International secures MMRDA project worth Rs 471.29 cr
Mumbai Metropolitan Region Development Authority has awarded the work to Ircon International for CA-239, Line-5, Package-2: Design, Manufacture, Supply, Installation, Integration, Testing And Commissioning of 220 kV receiving Substation Including 220 kV, 33kV & 25kV Cabling Work, Complete 25kV Overhead Catenary System along with switching station, 33kV Auxiliary Power Distribution System Including 33/0.415 kV Auxiliary Sub-Station (ASS) And Complete SCADA System, Electrical and Mechanical works, Lift & Escalator Works for part of Main Line, Stations & Kasheli Depot of Mumbai Metro Rail Line 5 Project of MMRDA Including 5 Years of Comprehensive Maintenance after 2 Years of Defect Liability and Maintenance Period. The estimated cost of the project is Rs 471.29 crore.
Business Standard
19-07-2025
- Business
- Business Standard
Ircon International wins MMRDA project worth Rs 642 cr
Mumbai Metropolitan Region Development Authority has awarded the work to Ircon International for CA-233, Line-6, Package-2: Design, Manufacture, Supply, Installation, Integration, Testing and Commissioning of Power Supply and Traction, E & M, Lifts & Escalators including 5 Years of Comprehensive Maintenance after 2 Years of Defect Liability Maintenance Period of Line 6 [Swami Samarth Nagar to Vikhroli (EEH)] of Mumbai Metro Rail Project of MMRDA. The estimated project cost is Rs 642.44 crore.
Business Standard
22-05-2025
- Business
- Business Standard
IRCON Intl drops as Q4 PAT slides 14% YoY to Rs 278 cr
IRCON International declined 2.08% to Rs 185.80 after the company's consolidated net profit dropped 14.14% to Rs 211.78 crore in Q4 FY25, compared to Rs 246.66 crore in Q4 FY24. Revenue from operations declined 9.90% to Rs 3,412.07 crore during the quarter, compared to Rs 3,787 crore in the same quarter last year. Profit from operations before tax stood at Rs 263.05 crore in Q4 FY25, down 26.09%, compared with Rs 355.93 crore recorded in the same quarter last year. EBITDA was Rs 357.5 crore in Q4 FY25, down 15.68% from Rs 424 crore in Q4 FY24. The companys EBITDA margin stood at 10.17% in Q4 FY25. The company's revenue from international customers fell 54.19% YoY to Rs 82.69 crore in Q4 FY25, while revenue from international customers decreased 7.68% YoY to Rs 3,329.38 crore. As of 31 March 2025, the company's total order book stood at Rs 20,347 crore. The railways segment contributed Rs 15,435 crore, the highways segment contributed Rs 4,541 crore, and the others segment contributed Rs 371 crore. On a full year basis, the companys consolidated net profit slipped 21.69% to Rs 727.83 crore on 14.01% decline in revenue from operations to Rs 10,759.58 crore in FY25 over FY24 Meanwhile, the board of directors has recommended a final dividend of Rs 1.00 per equity share of face value Rs 2/- each, subject to shareholders approval at the forthcoming annual general meeting. This is in addition to the interim dividend of Rs. 1.65 per equity share, which has already been approved and paid by the company. Ircon International is a public sector construction company with an emphasis on infrastructure projects, with a specialization in the execution of railway projects on a turnkey basis and otherwise. After commencing business as a railway construction company, it diversified progressively to roads, buildings, electrical substations and distribution, airport construction, commercial complexes, as well as metro rail works.
