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 0.5 pts more than Nifty Smallcap 250 and 0.2 pts less 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 won a Letter of Acceptance from North East Frontier Railways (NFR) for composite infrastructure work valued at approximately Rs. 224.50 crore. The contract covers civil, electrical, mechanical and signal & telecom construction across three projects: upgradation of maintenance infrastructure for Vande Bharat Express at New Jalpaiguri, construction of a GE Loco shed to home 250 locos at SGUJ, and new generation freight maintenance facilities in the Katihar division. The work is to be completed within 18 months. The order is domestic, awarded by a government entity, with no promoter or related party interest involved.
This is a moderate-sized order that adds to Ircon's existing order book from the railways sector and reinforces its position as a key PSU executing Indian Railways infrastructure projects. Positive for revenue visibility over the next 18 months, though the size alone is unlikely to move the stock sharply.