Ircon International Ltd secures works for Rs. 400 crore

Ircon International Limited (the Company) has secured works of total 9 Road Over Bridges (ROBs) valuing more than Rs. 400 Crore from the Ministry of Railways, Government of India. The work has been awarded by the Ministry of Railways through a competitive bidding among PSUs.

The scope of work is to provide PMC services for Construction of ROBs in lieu of existing Level Crossings. The period of completion is 24 Months from the date of signing of MOU with Zonal Railways. A Memorandum of Understanding (MoU) will be executed between the PSU and the concerned zonal Railway.

Shares of IRCON International Ltd was last trading in BSE at Rs.80.4 as compared to the previous close of Rs. 81.65. The total number of shares traded during the day was 40917 in over 1034 trades.

The stock hit an intraday high of Rs. 82.6 and intraday low of 80.05. The net turnover during the day was Rs. 3318288.

Source : Equity Bulls

Keywords