The Exchange has sought clarification from Ircon International Limited with respect to recent news item captioned Ministry Of Railways Proposes Merger Of IRCON And RVNL As Shares Surge. The response from the Company is attached.
IRCON · price
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Awaiting price reaction for this filing.
Following a stock surge, NSE and BSE asked IRCON to clarify an NDTV Profit article dated March 6, 2026 headlined 'Ministry of Railways Proposes Merger of IRCON And RVNL as Shares Surge.' IRCON has categorically denied the report, stating that the news item is not based on any information available with the company and that the company is not engaged in any such discussions or negotiations. The company, a Government of India Navratna undertaking, confirmed there is no undisclosed information that could explain the recent movement in its share price. It also stated there is no pending announcement that could have a bearing on the price behaviour of the stock. The clarification was filed by Company Secretary Pratibha Aggarwal at 12:26 hrs on March 6, 2026.
This denial removes the basis for the recent rally in IRCON shares, which had spiked on merger speculation with RVNL. Investors should expect a potential pullback or correction in the stock price now that the company has officially confirmed no merger talks are underway.