Rs 21,939 Crore Order Book: Infrastructure Company Bags New Order of Rs 187,08,29,148 From Kerala State IT Infrastructure Ltd

The stock gave multibagger returns of 300 per cent in just 3 years whereas the BSE Sensex Index is up by 45 per cent.

IRCON International Limited has been awarded a significant work order by Kerala State IT Infrastructure Ltd. for the construction of a Dedicated Rural Industrial Park in the Thiruvananthapuram District. This domestic works contract, valued at Rs 187,08,29,148 excluding GST, is an item-rate based project that is expected to be completed within a timeframe of 30 months.

Earlier, the company had secured a domestic "Package-I" contract from the North Eastern Electric Power Corporation Limited for the construction of civil works on an item rate basis for the Tato-I Hydro Electric Project in Arunachal Pradesh. This significant project, valued at Rs 458,14,42,765.23 (including all applicable taxes and duties), encompasses the construction of the headworks and allied works, head race channel, head race pipe, intake, headrace tunnel, surge shaft, pressure shaft, valve house, powerhouse, allied works, and necessary infrastructure works. The stipulated time period for the execution of this comprehensive project is 45 months.

About the Company

Ircon International is a leading Indian infrastructure company specialising in railways and highways. Founded in 1976, it has executed over 400 domestic and 128 international projects. Offering engineering, procurement, construction, and project management services, Ircon is involved in both public and private sector projects.

Order Book Update: The total order book as of December 31, 2024, stands at Rs 21,939 crore.

The break-up of is as follows:

1. Railways – Rs 17,075 crore
2. Highways – Rs 4,775 crore and
3. Others – Rs 89 crore.

IRCON is a PSU company with a market cap of over Rs 14,000 crore and reported positive numbers in its Quarterly Results (Q3FY25) and half-yearly results (9MFY25). The stock gave multibagger returns of 300 per cent in just 3 years whereas the BSE Sensex Index is up by 45 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.