Ircon International forms Ircon Haridwar Bypass Ltd 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 Haridwar Bypass Limited' on 13th January, 2022 as a Special Purpose Vehicle for the purpose of upgradation and Four Laning of Haridwar Bypass Package-1 from Km.0+000 (Km. 188+100 of NH-58) to Km.15+100 (Km. 5+100 of NH 74) in the State of Uttarakhand on Hybrid Annuity Mode.

Shares of Ircon International Limited was last trading in BSE at Rs. 46.55 as compared to the previous close of Rs. 46.15. The total number of shares traded during the day was 110090 in over 933 trades.

The stock hit an intraday high of Rs. 46.80 and intraday low of 46.30. The net turnover during the day was Rs. 5122443.00.

Source : Equity Bulls

Keywords

IrconInternational INE962Y01021 SPV EPC RoadProject NHAI Karnataka