Ircon International emerges as the Lowest Bidder for the project floated by Government of Madhya Pradesh-Water Resources Department

Ircon International Limited (IRCON) has emerged as the Lowest Bidder (L1) for construction of balance work of Bahuti Canal Project on TURNKEY basis including completion of earth work of main canal system from RD 18 to 74 km & other ancillary activities.

The project was floated by Government of Madhya Pradesh- Water Resources Department on competitive bidding and value of the project is approx. Rs.392.52 Crore (Quoted value). The project duration is 36 months and MOM (Management, Operation and Maintenance) period will be 60 months.

Letter of Award is yet to be issued by Government of Madhya Pradesh - Water Resource Department.

Shares of Ircon International Limited was last trading in BSE at Rs. 57.50 as compared to the previous close of Rs. 55.65. The total number of shares traded during the day was 3129520 in over 11126 trades.

The stock hit an intraday high of Rs. 62.10 and intraday low of 55.80. The net turnover during the day was Rs. 183659449.00.

Source : Equity Bulls

Keywords

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