Ircon International shares rise nearly 2% after securing Rs 253.6 crore KAVACH system contract
By Aditya Bhagchandani Published on May 21, 2025, 09:46 IST
Shares of Ircon International Ltd rose 1.94% to ₹191.95 on Tuesday following the announcement of a significant contract win. The stock opened higher at ₹188.40 and touched an intraday high of ₹193.80, compared to the previous close of ₹188.30.
The uptick comes after Ircon revealed that it has bagged a Rs 253.6 crore work order from South Western Railway for the implementation of the indigenous train collision avoidance system, KAVACH. The project will be deployed across 778 route kilometers in the Bengaluru and Mysuru divisions.
As per the exchange filing, the scope of work includes the survey, design, supply, installation, testing, and commissioning of the KAVACH system along with other associated components. The contract timeline is set at 18 months from the date of the Letter of Acceptance (LOA).
The stock movement comes despite the company reporting a subdued set of Q4 FY24 results earlier. Net profit declined 3.8% YoY to Rs 246.8 crore while revenue dipped slightly by 1% YoY to Rs 3,742.7 crore. EBITDA rose to Rs 286.3 crore, improving margins to 7.7%.
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.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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