Ircon International Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

The contract involves the design, engineering, supply, installation, testing and commissioning of an underground power cable network, smart grid applications, SCADA, Advanced Distribution Management System (ADMS), Outage Management System (OMS), GIS mapping, optical fiber cable (OFC) communication system, and establishment of smart grid control centers under the Agartala Smart Grid project (Package-A) in Tripura. The project is scheduled to be executed within 24 months.

The total contract value stands at Rs 763.10 crore, including GST. Under the joint venture arrangement, Badri Rai & Company, the lead partner, holds a 74% share amounting to Rs 564.70 crore, while IRCON's 26% share is valued at Rs 198.41 crore.

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

IRCON International's consolidated net profit declined 9.13% to Rs 191.60 crore in Q4 FY26 from Rs 210.85 crore reported in Q4 FY25. Revenue from operations fell 6.54% to Rs 3,188.98 crore in the quarter ended 31 March 2026, compared with Rs 3,411.97 crore in the corresponding quarter of the previous year.

Shares of IRCON International fell 1.73% to Rs 136.70 on the BSE.

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Ircon International in joint venture with Badri Rai & Company (lead partner) has received an order worth Rs 763.10 crore from Tripura State Electricity Corporation. The company's share in the contract will be Rs 198.40 crore (for a 26% stake in the JV).

The scope of the work includes Design, Engineering, Manufacture, Assembly, Inspection, Testing at Manufacturer's Works before Dispatch, Packing, Supply, Delivery at Site, Including Insurance during Transit, Subsequent Storage at delivery location(s), Erection, Testing and Commissioning of Under Ground Power Cable Network (HT & LT), Smart Grid Applications including Supervisory Control and Data Acquisition (SCADA), Advanced Distribution Management System (ADMS), Outage Management System (OMS), GIS Mapping & integration, Under Ground OFC Communication System by laying of Optical Fiber Cable (OFC), Integration with third party IT application softwares & hardwares (such as Billing, ERP, & CIS) along with Underground Power Cable and establishment of Smart Grid Control Centre (Main & Backup) with Distribution Network Automation (DNA) including facility management and O&M of system in Agartala Municipality Area, Tripura (Package-A) of Agartala Smart Grid.

Ircon International announced that the Board of Directors of the Company at its meeting held on 22 May 2026, inter alia, have recommended the final dividend of Rs 0.7 per equity Share (i.e. 35%) , subject to the approval of the shareholders.

Net profit of Ircon International declined 9.13% to Rs 191.60 crore in the quarter ended March 2026 as against Rs 210.85 crore during the previous quarter ended March 2025. Sales declined 6.54% to Rs 3188.98 crore in the quarter ended March 2026 as against Rs 3412.07 crore during the previous quarter ended March 2025.

For the full year,net profit declined 18.14% to Rs 595.47 crore in the year ended March 2026 as against Rs 727.41 crore during the previous year ended March 2025. Sales declined 15.69% to Rs 9071.05 crore in the year ended March 2026 as against Rs 10759.58 crore during the previous year ended March 2025.

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