IRCON wins Rs 168.41 crore domestic transmission contract

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IRCON · price

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Price reactionminutes from the announcement price · days from the prior close

+0.4%Reaction day

₹169.50

prior close

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announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.6%-0.3% vs market

Civil Construction peers, median of 97sector-0.2%+0.6% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Smallcap 250 and 0.6 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

IRCON, with 51 percent share in a joint venture with Finolex J-Power Systems (49 percent), received a domestic contract from Maharashtra State Electricity Transmission Co Ltd. It covers construction of a 220 kV double-circuit overhead and underground link from Koradi-II to Mankapur under the Nagpur Zone. The contract is worth Rs 168.41 crore, excluding GST, and will be completed within 18 months, excluding the monsoon.

Likely market impact

Adds to IRCON's order book and offers future revenue, though project execution and profit sharing with the joint-venture partner remain important.