IRCON wins Rs 96.25 crore maintenance contract from Konkan Railway

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IRCON · price

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

+1.2%Reaction day

₹103.49

prior close

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announcement price

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Nifty Smallcap 250market+0.5%+0.7% vs market

Civil Construction peers, median of 100sector+0.4%+0.8% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Smallcap 250 and 0.8 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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AI summary

IRCON has received a Letter of Acceptance from Konkan Railway Corporation Ltd for a 5-year comprehensive annual maintenance contract. The work covers integrated tunnel communication systems including IP video surveillance, public address, and emergency communication systems in the Katra-Banihal section of Northern Railway. Contract value is Rs 96.25 crore inclusive of GST, to be executed over 60 months.

Likely market impact

Positive: adds Rs 96.25 crore in long-term maintenance revenue over five years, modest contribution relative to IRCON's overall order book.