Ircon International Ltd bags Rs. 900 crore HAM project from NHAI

Ircon International Limited (IRCON) has been awarded the work of upgradation of Gurgaon - Pataudi - Rewari section of NH-352W (design length of 46.110 km) 35 feeder route in the state of Haryana on Hybrid Annuity Mode valuing Rs.900 Crore (Rupees Nine Hundred Crore only) on competitive bidding basis by National Highways Authority of India (NHAI).

This work will be undertaken & executed by a Special Purpose Vehicle ("Concessionaire" as a limited liability company) which shall be incorporated by IRCON as its Wholly-Owned Subsidiary Company.

Shares of IRCON International Ltd was last trading in BSE at Rs.87.9 as compared to the previous close of Rs. 89.95. The total number of shares traded during the day was 43460 in over 481 trades.

The stock hit an intraday high of Rs. 89.7 and intraday low of 87.3. The net turnover during the day was Rs. 3836189.

Source : Equity Bulls

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