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.
Awaiting price reaction for this filing.
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.