Ircon International receives order worth Rs 723 crore

Ircon International Limited, an integrated Indian engineering & construction company announced on Monday that it has received two new orders worth Rs 723 crore from National Capital Region Transport Corporation Limited (NCRTC).

The scope of the first order is related to the designing, supplying, installing, testing & commissioning of receiving substations and associated works on viaduct & tunnel from Sarai Kale Khan (Delhi) to Duhai (EPE) (UP). This contract is worth approximately Rs 318 crore with a total tenure of 50 months.

The scope of the second-order consists of designing, supplying, installing, testing, and commissioning of receiving substations and associated works on viaduct & tunnel from Duhai (EPE) to Modipuram (UP). The order amounts to approximately Rs 405 crore with a tenure of 54 months.

Ircon International, formerly known as Indian Railway Construction Limited, earns 85.1 per cent from railways, 12.6 per cent from highways, and 2.3 per cent from other services.

The share of Ircon closed up by 1.98 per cent at Rs 85.05. The share has a 52-week high of Rs 119.76 and a 52 week low of Rs 58.2 on BSE.