IRCON International Ltd JV wins contract from MSETCL

IRCON International Ltd in Joint Venture with Finolex J-Power Systems Limited in the ratio of 51:49 respectively has been awarded with Turnkey works contract by Maharashtra State Electricity Transmission Co. Ltd.

The order is for Construction of 220Kv D/C from 400/220 kV Koradi-II SIS to Mankapur S/S (O/H+U/G) under Nagpur Zone on turnkey basis against tender no. T-2503 (RFx No. 60000013 10).

The order size is Rs. 1,68,40,53,404/- (Excluding GST) (Rs. One Hundred Sixty-Eight Crore Forty Lakh FiftyThree Thousand Four Hundred Four OnlyExcluding GST) Joint venture of M/s IRCON International Limited Ltd. (51% share) and M/s Finolex J-Power System Ltd. (49% share).

Shares of Ircon International Limited was last trading in BSE at Rs. 169.75 as compared to the previous close of Rs. 169.45. The total number of shares traded during the day was 178427 in over 2497 trades.

The stock hit an intraday high of Rs. 171.45 and intraday low of 169.25. The net turnover during the day was Rs. 30352314.00.

Source : Equity Bulls

Keywords

IrconInternational INE962Y01021 JV FinolexJPowerSystems OrderWin MSETCL