Ircon International Shares Gains 2% on ₹194 Crore Order from Central Railway

Shares of Ircon International rose 2.22% to an intraday high of ₹193.20 on February 10, 2025, after the company secured a ₹194.45 crore contract from Central Railway.

New Order from Central Railway

Ircon International received a Letter of Acceptance (LoA) from Central Railway for the survey, design, supply, installation, testing, and commissioning of 665 towers for Kavach, an advanced safety system. The project must be completed within 14 months from the LoA issuance.

EPC Contract in Manipur

In a separate filing, Ircon announced that it has secured an EPC contract in joint venture (JV) with AMRIL (74%) – Ircon (26%) from the Public Works Department (PWD), Manipur.

The project involves the construction of Rigid Pavement and Lined Drain of selected roads under Highway South Division – Package 4, covering a total road length of 111.182 km. The contract is worth ₹531.9 crore.

About Ircon International

Founded in 1976 under the Indian Companies Act 1956, Ircon International Limited is a leading engineering and construction firm under Indian Railways. The company specialises in:

• Railway projects (new lines, bridges, tunnels, stations, electrification, and signalling)
• Highways
• Metro rail systems
• EHV sub-station projects
• Turnkey infrastructure solutions

At 10:16 AM, Ircon International shares were trading 0.2% lower at ₹188.60, while the BSE Sensex was down 0.61% at 77,388.28.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.