IRCON shares surge 3% after company bags Rs 458.14 crore order from North Eastern Electric Power Corporation
By Aman Shukla Published on May 5, 2025, 09:36 IST
IRCON International Limited's shares saw a 3% jump in morning trading following the company's receipt of a letter of acceptance (LOA) from North Eastern Electric Power Corporation Limited (NEEPCO). This contract, valued at ₹458.14 crore, pertains to civil works for the Tato-I Hydro Electric project in Arunachal Pradesh.
The contract, awarded under package I, encompasses a broad range of civil engineering tasks. These include the construction of headworks, head race channel, intake systems, tunnels, surge shaft, pressure shaft, and powerhouse, along with other critical infrastructure elements. The project will be executed on an item rate basis and is expected to span a period of 45 months.
This deal bolsters IRCON's position in the hydroelectric sector, further solidifying its reputation for handling large-scale infrastructure projects. Given the significance of the Tato-I Hydro Electric project for the region's power generation capabilities, the contract is expected to contribute substantially to IRCON's financial performance in the coming years.
IRCON International Ltd. opened at ₹160.99, with the day's highest and lowest values at ₹160.99 and ₹157.00, respectively. The stock has a 52-week high of ₹351.60 and a low of ₹134.24.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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