IRCON bags Rs 2.56 bn contract from Mahanadi Coalfields

IRCON International jumped 4.21% to Rs 42.10 after the company said that it has been awarded work valuing Rs 2.56 billion by Mahanadi Coalfields (MCL). The company informed that it has been awarded the work of stage III i.e. detailed engineering and project management consultancy (PMC) services for the development of rail infrastructure for the proposed 2 nos. RLS (20 MTY) for Ananta OCP of Jagannath Area at Talcher by Mahanadi (MCL) at a total value of Rs 2.56 billion. The duration of the project shall be fifteen months from the date of receipt of LOA/work order from MCL. Also Read Jaiprakash Power Ventures highest bidder for coal mine in MP Madhya Pradesh to not import coal for thermal plants