Q4 net profit: Ircon International sees a rise of 15%

22 May 2024 CW Team

Ircon International announced that, for the March 2024 quarter, its earnings after tax increased by 15.1% to Rs 2.85 billion. According to a statement from Ircon International, the company recorded a profit after tax (PAT) of Rs 2.48 billion for the March quarter of 2022?23.

From Rs 7.65 billion in FY23 to Rs 9.30 billion in FY24, profit after tax climbed by 21.5%. The company's total sales increased by 0.6% to Rs 37.96 billion from Rs 37.73 billion in the same period last year. The business had a total order book of Rs 272 billion as of March 31, 2024. A final dividend of Rs 1.30 per equity share on a face value of Rs 2 per share has been proposed by the company's board for FY24. State-owned Ircon International Ltd. is a leading turnkey construction company. The company has executed projects in the areas of railway construction, including ballastless track, electrification, tunnelling, signalling, and telecommunication.

Infrastructure Urban

31 Jul 2026

SCLR Extension Nears Completion Linking BKC With Signal-Free Route

The Santacruz-Chembur Link Road (SCLR) extension towards Bandra-Kurla Complex (BKC) via the Mumbai University campus has entered its final stage, bringing motorists closer to a direct, signal-free connection between the Western Express Highway and the city’s commercial district. The elevated connector is being built as an arm from the SCLR alignment and will link the western suburbs with BKC without surface signals. The link is designed to reduce journey times for commuters travelling from the western suburbs to BKC and to improve access to eastern Mumbai. By carrying through traffic above s..

Raiganj MP Seeks Bengal Only Highway Link To Siliguri

Raiganj Member of Parliament Kartik Chandra Paul met Union Minister for Road Transport and Highways Nitin Gadkari in New Delhi to press for a new stretch of national highway in North Dinajpur district. He urged approval for a Bengal-to-Bengal link that would connect National Highways 12 and 27 to allow vehicles bound for Siliguri to avoid the current route through Kishanganj in neighbouring Bihar. He also submitted a proposed alignment of the new road to the ministry for consideration. At present vehicles from Raiganj travel along NH-12 and join NH-27 at Purnia More in Dalkhola, a route that p..

Airport Kilambakkam Metro Line To Be Extended To Chengalpattu

Chennai Metro Rail (CMRL) has invited tenders for two detailed project reports that would extend its rail network to Chengalpattu in the south and extend Corridor-5 to Wimco Nagar in the north as part of a second wave of expansion beyond the operator's corridors under construction. The move signals an acceleration of planning for suburban links and interchange nodes. The larger of the two studies covers a roughly 27km extension from the planned Kilambakkam metro station to Chengalpattu under Corridor-1, Phase I. CMRL floated the tender at an estimated cost of Rs 21.6 mn. The proposed line woul..