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Ircon International shares rise over 2% after bagging Rs 1,068 crore railway bridge contract
Ircon International shares rise over 2% after bagging Rs 1,068 crore railway bridge contract

Business Upturn

time2 days ago

  • Business
  • Business Upturn

Ircon International shares rise over 2% after bagging Rs 1,068 crore railway bridge contract

By Aditya Bhagchandani Published on June 2, 2025, 10:17 IST Shares of Ircon International Ltd gained over 2% to ₹194.94 in Monday's session following the company's announcement of a major order win. The stock rose after the company disclosed that it has received a Letter of Acceptance (LoA) from East Central Railway, Indian Railways, for the construction of a major railway bridge project across the Ganga river. According to the disclosure submitted under Regulation 30 of SEBI (LODR) Regulations, the contract is for engineering, procurement, and construction (EPC) of a new broad-gauge (BG) rail bridge consisting of a 2×32.086m and 33×122.0m Open Web Steel Girder span. The bridge will feature a sub-structure for double-line tracks and a superstructure for a single-line track between Bikramshila and Katareah stations. The total contract value stands at ₹1,068.35 crore and the project is expected to be completed within 1,460 days. This is a domestic works contract and does not involve any related party transactions. As of 10:13 AM, Ircon shares were trading at ₹194.94, up 2.11% from the previous close of ₹190.91. The stock hit an intraday high of ₹198, with a market cap of ₹183.26 billion. 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.

ECR unveils AI-based system to boost train safety
ECR unveils AI-based system to boost train safety

Time of India

time3 days ago

  • Automotive
  • Time of India

ECR unveils AI-based system to boost train safety

Patna: General manager of East Central Railway (ECR), Chhatrasal Singh, on Friday inaugurated an advanced AI-based system at Ara coaching depot under Danapur division to modernise railway maintenance. Danapur DRM Jayant Kumar Choudhary said the system automates coach cleaning and water refilling, while smart sensors detect alarm chain pulling (ACP) and other anomalies. "AI integration will boost monitoring, safety and passenger comfort," he added. "The AI-based system, a first in Indian Railways, marks a major step toward cleaner, safer, and more efficient services," said Singh. Danapur ADRM Aadhar Raj, credited with developing the system, said a live demo was successfully tested on the Ara-Durg South Bihar Express. "The device alerts staff or control rooms to issues like fire, brake binding, hot axle, water shortage, foul odour, ACP, and coach breakdowns via ultrasonic sensors," he said. Initially, all rakes of eight long-distance trains from Ara will be equipped, followed by wider implementation across ECR. Each device costs Rs 1 lakh, and fitting an entire 24-coach rake costs Rs 24 lakh. The system was developed by a Danapur team over the past year. Singh announced a Rs 1 lakh cash reward for the team.

Railways launches anti-plastic awareness campaign
Railways launches anti-plastic awareness campaign

Time of India

time5 days ago

  • Entertainment
  • Time of India

Railways launches anti-plastic awareness campaign

Patna: Sonepur division of the East Central Railway (ECR) has launched a massive awareness campaign across its key stations, office premises and railway colonies to mark World Environment Day slated to be observed on June 5 across the globe. The campaign, which began on May 22 and will run through June 5, aims to educate the common people on the harmful effects of plastic and encourage eco-friendly practices, Sonepur divisional railway manager Vivek Bhushan Sood said. "With the slogan 'Say No to Plastic, Save the Planet,' the division has rolled out an array of activities, including banners, posters and street plays, to engage passengers and staff," Sood said, adding that the visual displays installed at prominent locations in stations like Sonepur, Hajipur, Muzaffarpur, Barauni and Naugachia as well as administrative buildings serve as reminders of the environmental hazards posed by plastic waste. According to Sonepur senior divisional commercial manager Raushan Kumar, street plays are being organised at busy platforms and waiting areas to draw the attention of passengers. "These performances creatively highlight the consequences of plastic pollution and urge people to adopt sustainable alternatives such as cloth or jute bags," he said.

PM to lay stone for Hardinge Park Terminal
PM to lay stone for Hardinge Park Terminal

Time of India

time5 days ago

  • Business
  • Time of India

PM to lay stone for Hardinge Park Terminal

Patna: will lay the foundation for the new Hardinge Park Terminal in Patna on Friday. The project, valued at Rs 95 crore, is part of ' plan to decongest Patna Junction by building a separate suburban train terminal, East Central Railway (ECR) chief public relations officer (CPRO) Saraswati Chandra said. Tired of too many ads? go ad free now As per the plan, five platforms will be constructed on a 4.8-acre plot at Hardinge Park to facilitate the smooth operation of MEMU (mainline electric multiple unit) passenger trains. "Railways also intends to run mail and express trains either originating from or passing through Patna Junction in future while all MEMU trains will originate and terminate at the Hardinge Park Terminal," the CPRO said. He added that the terminal will feature state-of-the-art facilities for passengers, comparable to those at airports, and will be directly connected via an underground passage to the multimodal hub and metro rail services at the Patna Junction end. In addition, the PM will inaugurate the newly constructed third railway line between Son Nagar and Mohammad Ganj, which will enhance coal transportation on the Ankora-Nabinagar power plant route. "Movement of goods traffic will be further streamlined following the opening of this route," said the CPRO. The PM will also inaugurate a newly installed advanced automatic signalling system between Sarasam and Anugrah Narayan Road, covering a distance of 25km.

Extension of train services
Extension of train services

The Hindu

time5 days ago

  • The Hindu

Extension of train services

East Coast Railway has notified the continuation of the running of Train Nos. 08581/08582 Visakhapatnam–SMVT Bengaluru–Visakhapatnam Weekly Special trains to clear the extra rush of passengers till June 30. These trains will continue to operate with their existing stoppages and timings, the release said. East Central Railway has notified the continuation of the running of Train Nos. 03251/03252 Danapur–SMVT Bengaluru–Danapur Bi-weekly Express Special and Train Nos. 03259/03260 Danapur–SMVT Bengaluru–Danapur Weekly Express Special to cater to the increased passenger demand. Accordingly Train No. 03251 Danapur–SMVT Bengaluru Bi-weekly Express Special, will now be extended from June 1 to 29. Similarly, Train No. 03252 SMVT Bengaluru–Danapur Bi-weekly Express Special, will now run from June 3 to July 1 Train No. 03259 Danapur–SMVT Bengaluru Weekly Express Special, will run from June 3 to 24. Likewise, Train No. 03260 SMVT Bengaluru–Danapur Weekly Express Special, will continue to run from June 5 to 26. South Central Railway has decided to permanently augment the coach composition of its Kondaveedu Express (Train No. 17211/17212) from 21 to 22 coaches and Amaravati Express trains (17225/17226) from 19 to 22 coaches., in a bid to enhance passenger capacity and cater to the growing demand

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