IRCON International Ltd emerges lowest bidder for signalling projects in Sri Lanka, Bangladesh

IRCON International Ltd has emerged lowest bidder in the Railway signalling projects floated by the Ministry of Transport Services Management, Sri Lanka and the Ministry of Railways, Bangladesh. The projects are:

- Railway signalling projects floated by Ministry of Transport Services Management, Sri Lanka for Design, Installation, Testing and Commissioning of Signalling System from Maho Junction to Anuradhapura, Sri Lanka under the Indian Line of Credit. The value of the project is approx.USD15.5 million equivalent to INR 114 Crore. The completion period of the project is approx. one year.

- Railway signalling projects floated by Ministry of Railways, Bangladesh for construction of Non-Interlocked color light Signalling System for all (09) stations including Construction of Telecommunication System with Optical Fibre in connection with Constrcution of KhulnaMongla Port Rail Line Project. The value of the project is approx. BOT 28 Crore equivalent to INR 24 Crore. The completion period of the project is approx. six months.

Shares of Ircon International Limited was last trading in BSE at Rs. 46.90 as compared to the previous close of Rs. 46.60. The total number of shares traded during the day was 358287 in over 3279 trades.

The stock hit an intraday high of Rs. 47.85 and intraday low of 45.40. The net turnover during the day was Rs. 16511347.00.

Source : Equity Bulls

Keywords

IrconInternationalLimited INE962Y01021 SignallingProjects Bangladesh SriLanka