Latest news with #IrconInternationalLtd
Business Upturn
18-07-2025
- Business
- Business Upturn
Ircon bags Mumbai Metro Line-5 contract worth Rs 471.30 crore from MMRDA
Ircon International Ltd has recently informed exchanges that the company bagged a significant work order from the Mumbai Metropolitan Region Development Authority (MMRDA) for the Mumbai Metro Line-5 Project. As per the exchange filing under SEBI regulations, the contract—valued at ₹471.30 crore along with €2.84 million—covers critical electrical and mechanical infrastructure for the Metro's Line-5, Package-2 (CA-239). The scope includes the design, manufacturing, supply, installation, testing, and commissioning of a 220 kV receiving substation, along with 220 kV, 33 kV, and 25 kV cabling. It also covers the complete 25 kV overhead catenary system, switching stations, auxiliary power distribution systems, SCADA systems, and installation of lifts and escalators across parts of the main line, stations, and Kasheli Depot. The contract comes with a 108-week design and build timeline, followed by a two-year defect liability period and five years of comprehensive maintenance. The project will play a crucial role in strengthening the power infrastructure of Mumbai's growing metro network. The order is a domestic works contract and underscores Ircon's deep expertise in executing complex rail infrastructure projects in India. In the meantime, the company also received a Letter of Award from Rail Vikas Nigam Ltd for a ₹755.78 crore railway project in Madhya Pradesh. The contract covers civil and electrical works for the new Pipaliya Nankar–Budni broad-gauge line. IRCON will execute the project in JV with JPWIPL, holding a 70% stake. IRCON's share is valued at ₹529.05 crore, and the project will be completed in 36 months, plus a 6-month defect liability period. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Hans India
04-06-2025
- Business
- Hans India
Ircon Stock Soars After Rs 898 Crore Project Boost
Shares of Ircon International Ltd went up by almost 14% on Wednesday. This happened after the company won several new projects and because people are feeling positive about the government spending more on infrastructure. By 2:47 pm, Ircon's stock was trading at Rs 220.97, which is Rs 27.03 higher than the day before. It reached a high of Rs 221.03 during the day. The stock went up even though the overall market was not doing very well. In May, Ircon got new projects worth over Rs 898 crore. These include work in railways, power, and industrial development. Some important projects are: A project worth Rs 187 crore to build a rural industrial park in Thiruvananthapuram, Kerala. A Rs 458.14 crore project for civil construction work at the Tato-I Hydro Electric Project in Arunachal Pradesh. A Rs 253.6 crore contract to install the KAVACH train safety system on 778 km of railway lines in the Bengaluru and Mysuru areas. Other railway-related company stocks also went up: RITES rose by 6.5% Texmaco Rail & Engineering went up 8% Titagarh Rail Systems increased by 4% HBL Power Systems gained over 3% Even though Ircon's earnings in the last quarter were not strong—its profit fell by 3.8% to Rs 246.8 crore, and its operating profit (EBITDA) dropped by 56.3%—investors are hopeful because of the new contracts and future spending on infrastructure. Analysts are still careful and have set an average target price of Rs 158, which is lower than the current price. But the stock's rise in the last three months, especially today's jump, shows that people trust Ircon's ability to handle big projects and grow in the future.
Time of India
04-06-2025
- Business
- Time of India
Ircon shares surge nearly 14% on multiple orders & capex boost
Representative image S hares of Ircon International Ltd soared nearly 14 percent on Wednesday following a flurry of new project wins and optimism around infrastructure-linked capital expenditure. At 2:47 pm, Ircon's stock was trading at Rs 220.97, up Rs 27.03 or 13.94 percent for the day. The intraday high touched Rs 221.03, marking a strong recovery amid broader market volatility. The rally comes after the company secured contracts worth over Rs 898 crore in May across railway, power, and industrial infrastructure. Among other railway-related stocks, RITES climbed 6.5 percent, Texmaco Rail & Engineering rose 8 percent, Titagarh Rail Systems gained 4 percent, while HBL Power Systems advanced more than 3 percent. Among the major deals, Ircon won an Rs 187 crore project from Kerala State IT Infrastructure Ltd to build a rural industrial park in Thiruvananthapuram. It also bagged an Rs 458.14 crore civil works contract from North Eastern Electric Power Corporation for the Tato-I Hydro Electric Project in Arunachal Pradesh, according to an ET report. In addition, the South Western Railway awarded Ircon an Rs 253.6 crore contract to implement the indigenous KAVACH train collision avoidance system across 778 route kilometres in Bengaluru and Mysuru divisions. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Madukhali: Scholarships You Can Apply For (Start Now) Google Search Search Now Undo These wins, aligned with the government's infrastructure push, have improved investor sentiment despite recent earnings pressure. While Ircon reported a 3.8 percent year-on-year decline in Q4FY24 net profit to Rs 246.8 crore, and a sharp 56.3 percent fall in EBITDA, the new contracts and expected capex upcycle appear to have overshadowed near-term financial softness. Analysts have assigned a cautious outlook with an average target price of Rs 158, suggesting downside from current levels. However, the stock's rise over the past three months, bolstered by today's surge, indicates growing market confidence in its project execution capabilities and future growth prospects. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Standard
04-06-2025
- Business
- Business Standard
Nava Ltd leads gainers in 'A' group
Ircon International Ltd, Railtel Corporation of India Ltd, Texmaco Rail & Engineering Ltd and Mahanagar Telephone Nigam Ltd are among the other gainers in the BSE's 'A' group today, 04 June 2025. Ircon International Ltd, Railtel Corporation of India Ltd, Texmaco Rail & Engineering Ltd and Mahanagar Telephone Nigam Ltd are among the other gainers in the BSE's 'A' group today, 04 June 2025. Nava Ltd spiked 12.71% to Rs 551.3 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2.48 lakh shares were traded on the counter so far as against the average daily volumes of 35056 shares in the past one month. Ircon International Ltd surged 10.69% to Rs 214.8. The stock was the second biggest gainer in 'A' group. On the BSE, 27.46 lakh shares were traded on the counter so far as against the average daily volumes of 5.75 lakh shares in the past one month. Railtel Corporation of India Ltd soared 8.80% to Rs 433.75. The stock was the third biggest gainer in 'A' group. On the BSE, 3.95 lakh shares were traded on the counter so far as against the average daily volumes of 3.15 lakh shares in the past one month. Texmaco Rail & Engineering Ltd gained 8.54% to Rs 174.05. The stock was the fourth biggest gainer in 'A' group. On the BSE, 5.35 lakh shares were traded on the counter so far as against the average daily volumes of 2.46 lakh shares in the past one month. Mahanagar Telephone Nigam Ltd exploded 6.77% to Rs 53.14. The stock was the fifth biggest gainer in 'A' group. On the BSE, 21.62 lakh shares were traded on the counter so far as against the average daily volumes of 6.48 lakh shares in the past one month.
Business Upturn
02-06-2025
- Business
- Business Upturn
Ircon International shares rise over 2% after bagging Rs 1,068 crore railway bridge contract
By Aditya Bhagchandani Published on June 2, 2025, 10:17 IST Shares of Ircon International Ltd gained over 2% to ₹194.94 in Monday's session following the company's announcement of a major order win. The stock rose after the company disclosed that it has received a Letter of Acceptance (LoA) from East Central Railway, Indian Railways, for the construction of a major railway bridge project across the Ganga river. According to the disclosure submitted under Regulation 30 of SEBI (LODR) Regulations, the contract is for engineering, procurement, and construction (EPC) of a new broad-gauge (BG) rail bridge consisting of a 2×32.086m and 33×122.0m Open Web Steel Girder span. The bridge will feature a sub-structure for double-line tracks and a superstructure for a single-line track between Bikramshila and Katareah stations. The total contract value stands at ₹1,068.35 crore and the project is expected to be completed within 1,460 days. This is a domestic works contract and does not involve any related party transactions. As of 10:13 AM, Ircon shares were trading at ₹194.94, up 2.11% from the previous close of ₹190.91. The stock hit an intraday high of ₹198, with a market cap of ₹183.26 billion. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
