Rs 35,000 crore order book: This multibagger civil construction company bags multiple new orders worth Rs 224 crore!
Shares of the company gained more than 60 per cent in the last six months.
On July 25, 2023, Ircon International Limited informed in the exchange filing that the company has been awarded the composite works (Civil, Electrical, and Mechanical) involving the construction of an industrial shop with a Pre-Engineered Building (PEB), water supply system, drainage system, electrification and illumination works, associated telecom works, and supplying & commissioning of specified mechanical machinery (EOT cranes, etc.) in connection with detachment free rake examination facilities (Ph-II) at Exchange Yard of Bondamunda, South Eastern Railway. The total contract value of the order is worth Rs 80 crore.
Earlier on 17th July 2023, the company received another order worth Rs 144 crore. The order involved for supply, installation, testing, and commissioning of integrated tunnel communication systems, OFC-based industrial grade network system including laying of OFC & other cables for the railway network which includes tunnels and stations in the Jiribam Khongsang section of the Jiribam-Imphal new Railway Line Project.
Ircon International Limited (IRCON) commenced its business in 1976 as a railway construction company, it diversified progressively since 1985 as an integrated engineering and construction PSU specializing in large and technologically complex infrastructure projects in various sectors such as railways, highways, etc.
The company has more than Rs 35,000 crore worth of order books. The shares of the company gained more than 140 per cent in the last one year and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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