IRCON International Ltd secures order worth Rs. 1900 crore

IRCON International Ltd (the Company) has secured Railway Electrification Works for various routes of 2251 Route Kilo meter (RKM) worth approx. Rs.1900 Crore on competitive bidding basis among PSUs from the Ministry of Railways, Government of India.

The tenure for execution of the projects varies from 15 to 20 months from the date of signing of Agreement with the Zonal Railways.

A Memorandum of Understanding (MoU) will be executed between the PSU and the concerned Zonal Railway.

Shares of IRCON International Ltd was last trading in BSE at Rs.83.25 as compared to the previous close of Rs. 83.8. The total number of shares traded during the day was 36911 in over 676 trades.

The stock hit an intraday high of Rs. 84.25 and intraday low of 83. The net turnover during the day was Rs. 3079505.

Source : Equity Bulls

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