Ircon International Ltd Share Price – NSE  /  BSE

Infrastructure Developers & Operators, Small Cap

Ircon International has been awarded the LOA for construction of Twin Tube Uni-directional Aizawl Bypass Tunnel of 2.5 km and its approaches of 2.1 km from km 10.600 to km 15.200 (Package-2) on Sairang - Phaibawk section of NH-6 in the State of Mizoram on EPC Mode at a quoted bid price of Rs. 630.66 crore.

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The scope of the work includes construction of twin tube uni-directional Aizawl bypass tunnel on Sairang – Phaibawk section of NH-6 in the state of Mizoram on engineering, procurement and construction (EPC) mode.

The cost of the project is 630.66 crores and it is to be executed in 36 months.

IRCON International is a public sector construction company, with emphasis on infrastructure projects, with specialization in execution of Railway projects on turnkey basis and otherwise. After commencing business as a railway construction company, it diversified progressively to roads, buildings, electrical substation and distribution, airport construction, commercial complexes, as well as metro rail works.

The company's consolidated net profit increased 28.76% to Rs 244.64 crore on 22.91% rise in revenue from operations to Rs 2,884.22 crore in Q3 FY24 over Q3 FY23.

The scrip advanced 3.81% to end at Rs 216.45 on Friday, 15 March 2024.

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The Board of Ircon International has approved the appointment of H.D. Doddaiah as Project Director/ Vadodara-Mumbai Expressway and Rajeev Kumar Sinha as Executive Director/ Special Works of the Company. Accordingly, the above-mentioned officials shall be part of the Senior Management Personnel of the Company w.e.f. 26 February, 2024 (F/N).

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Ircon International has appointed Debajyoti Kumar as Executive Director/ Technical and Vinod Kumar Gupta as Executive Director/ Works of the Company with effect from 23 February 2024.

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