Rs 21,939 Crore Order Book: Rail Infrastructure Company Bags Additional Order of Rs 59,44,13,902.41 From North East Frontier Railway, Indian Railways

The stock gave multibagger returns of 280 per cent in just 3 years whereas the BSE Sensex Index is up by 40 per cent.

Ircon International Limited (IRCON) has received a variation order from Northeast Frontier Railway, increasing the value of an existing contract for the Supply, Installation, Testing, and Commissioning of Integrated Tunnel Communication Systems and OFC-based industrial-grade network systems for the Jiribam-Khongsang section of the Jiribam-Imphal new Railway Project. Awarded by Dy. CSTE (Con) Silchar, the variation order, dated February 20, 2024, raises the contract value from Rs 144,16,66,955.90 to Rs 203,60,80,858.313, representing an increase of Rs 9,44,13,902.41. This domestic works contract is now slated for completion by June 30, 2025.

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 breakup 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 15,000 crore and reported positive numbers in its Quarterly Results (Q3FY25) and half-yearly results (9MFY25). The stock gave multibagger returns of 280 per cent in just 3 years whereas the BSE Sensex Index is up by 40 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.