Latest news with #IRCONInternational
Mint
21-07-2025
- Business
- Mint
IRCON International share price jumps 4% on multiple order book updates: Check Details
Stock Market Today: IRCON International share price gained more than 4% in the morning trades on Monday. The gains were led by multiple order book updates in the Metro railway segment: Check Details IRCON International announced multiple order book updates that lifted investor sentiments. IRCON International has announced receipt of a letter of acceptance (LOA) from the Mumbai Metropolitan Region Development Authority (MMRDA). Mumbai Metropolitan Region Development Authority has awarded the work to Ircon International Limited. The scope of work in one project os for CA-239, Line-5, Package-2: Design, Manufacture, Supply, Installation, Integration, Testing, and Commissioning of 220 kV Receiving Substation Including 220 kV, 33 kV & 25 kV Cabling Work, Complete kV Overhead Catenary System along with Switching Station, 33 kV Auxiliary Power Distribution System Including 33/0.415 kV Auxiliary Sub-Station (ASS), and Complete SCADA System. The work also includes electrical and Mechanical works, Lift & escalator works for part of the main line, stations & Kasheli Depot of the Mumbai Metro Rail Line 5 Project of MMRDA. Including 5 years of comprehensive maintenance after 2 years of defect liability and maintenance period. The contract value is ₹ 471.30 crore ( ₹ 471,297,282,000). Another LOA received by IRCON International from the Mumbai Metropolitan Region Development Authority has awarded the work to Ircon International Limited for CA-233, Line-6, Package-2: The scope of work involves design, manufacture, supply, installation, integration, testing, and commissioning of power supply and traction, E & M, and lifts & escalators, including 5 years of comprehensive maintenance after 2 years of defect liability maintenance period of Line 6 [Swami Samarth Nagar to Vikhroli (EEH)] of the Mumbai Metro Rail Project of MMRDA. The size of the order is ₹ 642.44 crore, or ₹ 642,440,245,134, and EUR 2,788,168.31 (Six Hundred and Forty-Two Crore Forty-Four Lakh Two Thousand Four Hundred and Fifty-One Rupees and Thirty-Four Paisa and Two Million Seven Hundred Eighty-Eight Thousand Euros Only) IRCON International Order also announced Receipt of a Letter of Award (LOA) from Rail Vikas Nigam Limited (RVNL) The scope of order for IRCON International in the state of Madhya Pradesh is for "Construction of Roadbed, Minor Bridges, Buildings, Installation of Track (Excluding Supply of Rails, Sleepers & Thick Web Switches), and other Civil Engineering and General Electrical Works in connection with New BG Railway Line Between Pipaliya Nankar (Excl.) – Budni (Incl.) Stations (Chainages 129.000 – 198.000 Km) in Indore-Budni section of Bhopal Division West Central Railway in Madhya Pradesh State, India " The order is for ₹ 755.79 crore IRCON International share price thereby opened at ₹ 192.10 and went on to hit highs of ₹ 195, and this meant gains of more than 4% during the intraday trades compared to the previous day's closing price of ₹ 186.95. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
News18
21-07-2025
- Business
- News18
IRCON Share Price Rises 4% Amid Market Volatility; Here's What's Fueling The Upside
Last Updated: Railway PSU stock IRCON International surged over 4 per cent in morning trade on the BSE on Monday IRCON Share Price: Railway PSU stock IRCON International surged over 4 per cent in morning trade on the BSE on Monday, July 21, defying broader market weakness. The stock opened at Rs 192.10 compared to its previous close of Rs 186.95 and rose 4.30 per cent to hit an intraday high of Rs 195. By around 10 AM, IRCON was trading 2.46 per cent higher at Rs 191.55. The rise in IRCON's share price came after the company announced fresh order wins from Rail Vikas Nigam Ltd (RVNL) and the Mumbai Metropolitan Region Development Authority (MMRDA). Post market hours on Friday, July 18, IRCON said it had received a letter of award for a significant infrastructure project floated by RVNL. The project was bagged in joint venture with JPWIPL, with IRCON holding a 70 per cent stake and JPWIPL the remaining 30 per cent. The Rs 642 crore order involves the design, manufacturing, supply, installation, integration, testing, and commissioning of systems such as power supply and traction, E&M, lifts, and escalators for Mumbai Metro Line 6 (Swami Samarth Nagar to Vikhroli). The scope also includes five years of comprehensive maintenance following a two-year defect liability period. IRCON appears poised to end a three-day losing streak with today's gain. However, the stock has faced selling pressure in 2024, with a decline of 12 per cent year-to-date. On a monthly basis, IRCON is down over 5 per cent in July, after climbing more than 6 per cent in June and 25 per cent in May. The stock hit a 52-week low of Rs 134.30 on March 3, after reaching a 52-week high of Rs 329.50 on July 19 last year. The share touched a 52-week high of Rs 327.95 and a 52-week low of Rs 134.30 on 23 July, 2024, and 03 March, 2025, respectively. Currently, the stock is trading 41.15% below its 52-week high and 43.71% above its 52-week low. The market capitalisation of the company stands at Rs 18,151.95 crore. view comments First Published: July 21, 2025, 12:11 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
19-07-2025
- Business
- Business Standard
IRCON JV secures project worth Rs 755.78 cr
IRCON International has been awarded with Letter of Award for the project floated by Rail Vikas Nigam (RVNL) (Participated in this bid in JV mode with M/s JPWIPL (i.e., IRCON 70% & JPIWL 30%). The project entails the construction of Roadbed, Minor Bridges, Buildings, Installation of Track (Excluding Supply of Rails, Sleeper & Thick Web Switches), and other Civil Engineering and General Electrical Works in connection with New BG Railway Line Between Pipaliya Nankar (Excl.) Budni (Incl.) Stations (Chainages 129.000 198.000 Km) in Indore-Budni section of Bhopal Division West Central Railway in Madhya Pradesh State, India. The estimated project cost is Rs 755.78 crore.
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Business Standard
04-06-2025
- Business
- Business Standard
Railway related shares surge up to 13%; what's driving the rally today?
IRCON International, Texmaco Rail & Engineering and RailTel Corporation of India rallied between 9 per cent and 13 per cent on the BSE in Wednesday's intra-day trade amid heavy volume. Listen to This Article Share price of railway related companies today Railway related shares were in focus on Wednesday, with IRCON International, Texmaco Rail & Engineering and RailTel Corporation of India rallying between 9 per cent and 13 per cent on the BSE in intra-day trade backed by heavy volume. What's fuelling the rally in
Business Upturn
04-06-2025
- Business
- Business Upturn
Railway stocks rally: IRCON surges 12%, RailTel up 9%, Texmaco Rail jumps 8%, RITES up 7.55%
Railway sector stocks witnessed notable upward momentum in today's trade as of 12 PM. IRCON International led the rally with a sharp rise of over 12% on the NSE, trading at ₹217.52. RailTel Corporation of India also surged nearly 9% to ₹434.55, followed by Texmaco Rail at ₹173.85, up over 8%. RITES advanced 7.55%, while Rail Vikas Nigam Limited climbed 6.5%. IRFC continued its upward trend, gaining close to 4%, and Titagarh Railsystems traded 3% higher at ₹926.05. BEML rose nearly 1% to ₹4,376.00, Container Corporation of India gained around 1.5% at ₹798.05, and IRCTC was up close to 0.8% at ₹777.70. The railway sector's performance aligns with positive sentiment in broader markets, with the Nifty 50 trading up 0.19% at 24,590.25 and the Sensex also recording mild gains. 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
