Ircon International Ltd receives order from Rail Vikas Nigam Limited

Ircon International Limited (IRCON) has been awarded a LOA for the work of "Design, supply, installation, testing and commissioning of broad gauge ballastless track (BLT), supply of ballast and installation of track (excluding supply of rails and track sleepers) between chainage 6+015 (FLS) to 125+200 (FLS) in connection with New BG line between Rishikesh and Karanprayag (125km) in the state of Uttarakhand, India" through a Joint Venture i.e. IRCON-Paras Railtech Private Limited- PCM Strescon Overseas Ventures Limited [IRCON-PARAS-PCM (JV)] in the ratio of 60:25:15 respectively.

The order value is Rs. 7,50,82,79,068.08 (Rs. Seven hundred and Fifty Crores EightyTwo Lakhs Seventy-Nine Thousand Sixty-Eight & paisa Eight only) including GST.

Shares of Ircon International Limited was last trading in BSE at Rs. 279.60 as compared to the previous close of Rs. 276.10. The total number of shares traded during the day was 523014 in over 6927 trades.

The stock hit an intraday high of Rs. 283.95 and intraday low of 277.15. The net turnover during the day was Rs. 146560782.00.

Source : Equity Bulls

Keywords

IrconInternational INE962Y01021 JV OrderWin RailVikasNigam