IRCON receives LOA from Rail Vikas Nigam Limited

IRCON has been awarded with Letter of Award for the project floated by RVNL (Participated in this bid in JV mode with M/s JPWIPL (i.e., IRCON - 70% & JPIWL - 30%).

The project is for "Construction of Roadbed, Minor Bridges, Buildings, Installation of Track (Excluding Supply of Rails, Sleeper & Thick Web Switches), and other Civil Engineering and General Electrical Works in connection with New BG Railway Line Between Pipaliya Nankar (Excl.) - Budni (Incl.) Stations (Chainages 129.000 - 198.000 Km) in Indore-Budni section of Bhopal Division West Central Railway in Madhya Pradesh State, India".

The order value is INR 755,78,21,993.63 (IRCON Share - Rs 529,04,75,395.53) (Indian Rupees Seven Hundred Fifty Five Crores Seventy Eight Lakhs Twenty One Thousand Nine Hundred and Ninety Three Rupees and Sixty Three Rupees) - incl. GST.

IRCON Share (Indian Rupees Five Hundred and Twenty Nine Crores Four Lakhs Seventy Five Thousand and Three Hundred and Ninety Five Rupees and Fifty Three Paise) - incl. GST.

(IRCON secured this project in JV with IRCON - JPWIPL JV (IRCON share ratio of 70%, and JPWIPL share ratio of 30%)

Shares of Ircon International Limited was last trading in BSE at Rs. 186.95 as compared to the previous close of Rs. 189.70. The total number of shares traded during the day was 97922 in over 1674 trades.

The stock hit an intraday high of Rs. 190.50 and intraday low of 186.25. The net turnover during the day was Rs. 18426617.00.

Shares of Rail Vikas Nigam Limited was last trading in BSE at Rs. 376.00 as compared to the previous close of Rs. 381.45. The total number of shares traded during the day was 361689 in over 10177 trades.

The stock hit an intraday high of Rs. 382.75 and intraday low of 375.00. The net turnover during the day was Rs. 136885480.00.

Source : Equity Bulls

Keywords

IrconInternational INE962Y01021 LOA OrderWin RailVikasNigam INE415G01027 RVNL