Ircon International Limited has informed the Exchange about Bagging/Receiving of orders/contracts
IRCON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts more than Nifty Smallcap 250 and 1.8 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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Ircon International has received a Letter of Acceptance from Mumbai Metropolitan Region Development Authority (MMRDA) for a major Mumbai Metro Rail Project contract. The scope covers design, manufacture, supply, installation, testing, and commissioning of power supply, traction, E&M, lifts, and escalators for Line 6 (Swami Samarth Nagar to Vikhroli) under Package-2 (CA-233). The contract is valued at approximately ₹642.44 crore plus €2.79 million, and includes 5 years of comprehensive maintenance after a 2-year defect liability period. The design-build period is 104 weeks. The order has been awarded by a domestic government entity with no related party interest, strengthening Ircon's metro rail order book.
Positive — this sizeable domestic order enhances Ircon's revenue visibility and reinforces its position in India's urban metro infrastructure space. Backed by a government client (MMRDA), payment risk is low, and the inclusion of long-term maintenance provides multi-year earnings support.