Ircon International share price rises 3.71% after new contract win
RAILWAYS & METRO RAIL

Ircon International share price rises 3.71% after new contract win

Shares of Ircon International rose by 3.71% in early trade on April 15, following the company’s successful bid for a significant works contract from S&T (Construction), North Western Railway, under Indian Railways. The stock traded at Rs 155.15, up Rs 5.55 at 09:17 am on the BSE.

The contract, valued at Rs 1.27 billion, involves the design, manufacture, supply, installation, testing, and commissioning of a microprocessor-based EI system (with inbuilt Block Instrument in EI) for 20 stations of the Ajmer Division, along with Automatic Block Signalling and associated works for Signalling & Telecom Systems. The contract is to be completed within 24 months from the LOA date.

Ircon also secured a Rs 10.96 billion EPC contract for Meghalaya in March 2025, with a ?285 crore share in the joint venture with Badri Rai and Company.

Shares of Ircon International rose by 3.71% in early trade on April 15, following the company’s successful bid for a significant works contract from S&T (Construction), North Western Railway, under Indian Railways. The stock traded at Rs 155.15, up Rs 5.55 at 09:17 am on the BSE. The contract, valued at Rs 1.27 billion, involves the design, manufacture, supply, installation, testing, and commissioning of a microprocessor-based EI system (with inbuilt Block Instrument in EI) for 20 stations of the Ajmer Division, along with Automatic Block Signalling and associated works for Signalling & Telecom Systems. The contract is to be completed within 24 months from the LOA date. Ircon also secured a Rs 10.96 billion EPC contract for Meghalaya in March 2025, with a ?285 crore share in the joint venture with Badri Rai and Company.

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?