Ircon International share price rises 3.71% after new contract win

16 Apr 2025 CW Team

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.

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