IRCON International Ltd forms subsidiary for NHAI project

As per the Letter of Award issued by National Highways Authority of India (NHAI), Ircon International Limited (IRCON) has incorporated a Wholly Owned Subsidiary Company named 'Ircon Bhoj Morbe Expressway Limited' on 06th January, 2022 as a Special Purpose Vehicle for the purpose of construction of Eight Lane Access Controlled Expressway from Km 69.800 to Km 79.783 (Bhoj to Morbe Section-SPUR of Vadodra Mumbai Expressway) in the State of Maharashtra on Hybrid Annuity Mode under Bharatmala Pariyojana (Phase II - Package XVII).

Shares of Ircon International Limited was last trading in BSE at Rs. 46.00 as compared to the previous close of Rs. 45.90. The total number of shares traded during the day was 160647 in over 1815 trades.

The stock hit an intraday high of Rs. 46.30 and intraday low of 45.30. The net turnover during the day was Rs. 7349616.00.

Source : Equity Bulls

Keywords

IrconInternational INE962Y01021 Subsidiary SPV Expressway