Rs 35,195 crore order book: This multibagger civil construction company receives order worth Rs 144 crore from N F Railway Construction!
The stock gave multibagger returns of 140 per cent in just 1 year whereas BSE Mid-cap Index is up by 27 per cent.
Ircon International Limited (IRCON) informed that it has been awarded the work for supply, installation, testing and commissioning of integrated tunnel communication systems, OFC-based industrial grade network system including laying of OFC & other cables for Railway network which includes tunnels and stations in Jiribam-Khongsang section of Jiribam-Imphal new Railway Line Project at a total price of Rs 144 crore.
This work has been awarded by N F Railway Construction on a competitive bidding basis and the entire work shall be completed within 365 days from the date of issuance of Letter of Acceptance.
Ircon International Limited (IRCON) is 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's total order book as of March 31, 2023 stands at Rs 35,195 crore.
Regarding the financials, IRCON is a PSU company with a market cap of over Rs 7,500 crore. The company reported excellent numbers in its Quarterly Results and annual results.
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On Tuesday, shares of Ircon International surged 3.32 per cent to Rs 86.49 per share with an intraday high of Rs 88.75 and an intraday low of Rs 83.70
The stock gave multibagger returns of 140 per cent in just 1 year whereas BSE Mid-Cap Index is up by 27 per cent. Investors should keep an eye on this railway construction company’s stock.
Disclaimer: The article is for informational purposes only and not investment advice.