Ircon International Ltd Share Price – NSE  / BSE

Infrastructure Developers & Operators, Small Cap

Ircon International announced that Alin Roy Choudhury, Chief General Manager (Finance) has been appointed as Chief Financial Officer and Key Managerial Personnel and Chief Investor Relation Officer of IRCON with effect from 1 January 2025.

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The appointment is effective from 01 January 2025.

Alin Roy Choudhury is a qualified cost and management accountant (CMA) with over 30 years of extensive experience in the infrastructure and construction sector. He has been associated with Ircon International for the past 27 years and currently serves as the chief general manager (finance) of the company.

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 decline 17.90% to Rs 205.9 crore in Q2 FY25 as against Rs 250.8 crore posted in Q2 FY24. Revenue from operations slipped 19.31% to Rs 2,447.52 crore during the quarter as compared with Rs 3,033.27 crore posted in corresponding quarter last year.

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The first project, worth approximately Rs 39 crore, involves outsourcing the maintenance and breakdown attention work for nine overhead electrification (OHE) depots and associated passenger safety integration (PSI) assets in the Tinsukia Division.

The second project, valued at approximately Rs 50 crore, entails similar maintenance and breakdown services for 11 OHE depots and PSI assets within the Lumding Division of Northeast Frontier Railway.

The contract execution period is 24 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 decline 17.90% to Rs 205.9 crore in Q2 FY25 as against Rs 250.8 crore posted in Q2 FY24. Revenue from operations slipped 19.31% to Rs 2,447.52 crore during the quarter as compared with Rs 3,033.27 crore posted in corresponding quarter last year.

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Ircon International has made investment of Rs.5.40 crore in the equity shares of Ircon Bhoj Morbe Expressway (IrconBMEL), a wholly owned subsidiary of IRCON.

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