Rs 3,865.43 Crore Order Book: Railway Kavach Company Bags Rs 1,068 Crore Railway Contract for Ganga Bridge Project

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Rs 3,865.43 Crore Order Book: Railway Kavach Company Bags Rs 1,068 Crore Railway Contract for Ganga Bridge Project

The company has delivered a 3-year return of 376.4 per cent, making it a multibagger in the Indian stock market.

Ircon International Limited, a key player in India’s railway infrastructure sector, has secured a major contract from the East Central Railway for constructing a new Broad Gauge (BG) Rail Bridge across the River Ganga. The project is valued at approximately Rs 1,068.35 crore and will follow the Engineering, Procurement, and Construction (EPC) model. It includes the development of a double-line track substructure and a single-line track superstructure using open web steel girders. The project has a scheduled completion period of 1,460 days.

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This large-scale contract strengthens Ircon’s portfolio as a reliable execution partner in infrastructure development. The company, a Navratna PSU since October 2023, continues to reinforce its position in the public sector space through its diversified expertise in EPC, Public-Private Partnership (PPP), and project management consultancy. The company has successfully executed more than 400 projects in India and 128 globally, with railway projects comprising 84 per cent of its revenue in FY24.

Ircon’s recent financial and stock market performance reflects its growing capabilities. The company has delivered a 3-year return of 376.4 per cent, making it a multibagger in the Indian stock market. Despite a 1-year decline of 29.52 per cent, long-term investors have benefited significantly. As of May 30, 2025, Ircon’s stock is trading at Rs 190.8, compared to its 52-week high of Rs 336.85 and low of Rs 138.25. With a market capitalisation of Rs 17,945 crore and a PE ratio of 27.14, Ircon is positioned in the mid-cap category.

The company maintains a strong order book worth Rs 26,000 crore, with 91 per cent of the orders originating from domestic clients. It has also been expanding into areas such as solar and hydropower, signalling future diversification. Though its debt has risen to Rs 2,570 crore, it is balanced by healthy cash reserves of Rs 5,000 crore. Looking ahead, Ircon expects order inflows of Rs 10,000 to Rs 12,000 crore in FY25, reinforcing its role in India’s infrastructure buildout.

Disclaimer: The article is for informational purposes only and not investment advice.

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