Announced Tue, 23 Jun · 14:45 IST
IRCON bags about 763 crore smart grid order from TSECL in Tripura
IRCON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.4%1-day move
₹139.01
prior close
₹136.45
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6+0.5+0.1+0.1-2.4-3.7-5.6-5.6-2.5-3.6-6.3-9.8——
Up moveDown movePending
AI summary
IRCON has received a Letter of Award from Tripura State Electricity Corporation Limited (TSECL) for a smart grid project in Agartala, Tripura. Total contract value is about 763 crores including GST, to be completed in 24 months. Scope covers underground power cable network, SCADA, ADMS, OMS, GIS mapping, OFC communication, and smart grid control centre. IRCON holds 26 percent share in the joint venture with Badri Rai and Company as lead partner at 74 percent. IRCON's share is about 198 crores.
Likely market impact
Boosts order book and revenue visibility from state power sector exposure; positive for execution pipeline.