IRCON Shares in Focus; Wins ₹631 Crore EPC Contract With JV From PWD Manipur

Ircon International Limited, in JV with AMRIL, wins a ₹631 crore EPC contract for road construction under Imphal East Division, with a 36-month completion timeline, the company said in a press release on the stock exchange.

Project Details 

Ircon International Limited (IRCON) has been awarded an EPC contract in a joint venture with AMRIL (IRCON: 26%, AMRIL: 74%) through a Letter of Acceptance by the Office of the Project Director, Externally Aided Projects (EAP), Public Works Department (PWD), Manipur.

The project involves the construction of rigid pavement and lined drains on selected roads under the Imphal East Division (ED – 2), with a total road length of 122.209 km.

The contract, valued at ₹631 crore (including GST), will be executed over a period of 36 months. IRCON’s share in the project is ₹164.11 crore (including GST).

This contract is a domestic award, and there are no related party transactions involved.

IRCON Wins Railway Contracts

Last month Ircon International secured a total contract worth approximately ₹89 crore from Northeast Frontier Railway for the outsourcing of TRD Maintenance and Breakdown attention work.

This involves two key projects: one for the Tinsukia Division, amounting to ₹39 crore, and another for the Lumding Division, valued at ₹50 crore.

Both contracts, awarded on a cost-plus basis, involve maintenance work for newly commissioned OHE and PSI assets across multiple depots. The contracts are expected to be completed within 24 months.

Share Price Performance

In opening trade on January 31, 2025, Ircon International Limited’s share price saw a positive movement. The stock opened at ₹206.40, marking a slight increase from the previous close of ₹202.70.

The share price reached a high of ₹208.96 and a low of ₹205.06. At 9:35 AM on the NSE, the stock is trading at ₹205.48, reflecting a gain of ₹2.78 or 1.37%, gaining for the second consecutive session today.

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.