IRCON International Ltd awarded EPC contract

IRCON International Ltd has been awarded an EPC contract floated by Directorate of Urban Affairs, Government of Meghalaya, Raitong Building, Secretariat Hills, Shillong, Meghalaya, India in JV {Badri Rai and Company (BRC) (74%) -IRCON (26%) JV} LoA by Directorate of Urban Affairs, Government of Meghalaya, Raitong Building, Secretariat Hills, Shillong, Meghalaya, India.

The order consideration is INR 1,096,17,25,961.15 (IRCON Share - Rs 285,00,48,749.90) (Indian One Thousand Ninety Six Crores Seventeen Lakhs Twenty Five Thousand Nine Hundred Sixty One & Fifteen Paise Only) - incl. GST.

IRCON Share (INR Two Hundred Eighty Five Crores Forty Eight Thousand and Seven Hundred and Forty Nine & Ninety Paise only) - incl. GST (IRCON secured this project in JV with BRC - IRCON JV (IRCON share ratio of 26%, Badri Rai and Company share ratio of 74%)

Shares of Ircon International Limited was last trading in BSE at Rs. 138.25 as compared to the previous close of Rs. 140.40. The total number of shares traded during the day was 199680 in over 2815 trades.

The stock hit an intraday high of Rs. 142.60 and intraday low of 137.40. The net turnover during the day was Rs. 27909524.00.

Source : Equity Bulls

Keywords

IrconInternational INE962Y01021 BadriRaiandCompany JV OrderWin EPCContract