Rs 21,939 Crore Order Book: Railway Infrastructure Company Bags New Order of Rs 51,61,72,418.81 From North Western Railway
The stock gave multibagger returns of 355 per cent in just 3 years whereas the BSE Sensex Index is up by 56.33 per cent.
IRCON International Limited has received a significant domestic works contract from North Western Railway valued at Rs 51,61,72,418.81. The project entails the provision of a Remote Diagnostic & Predictive Maintenance System across various sections of the North Western Railway, specifically in the RE-MD Section of Jaipur Division, MD-PNU Section of Ajmer Division, RE-BTI Section of Bikaner Division, and MTD-LUNI Section of Jodhpur Division. This crucial project is slated for execution within 24 months from the date of the Letter of Award.
Earlier, the company was 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.
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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:
- Railways – Rs 17,075 crore
- Highways – Rs 4,775 crore and
- Others – Rs 89 crore.
IRCON is a PSU company with a market cap of over Rs 16,000 crore and reported positive numbers in its Quarterly Results (Q3FY25) and half-yearly results (9MFY25). The stock gave multibagger returns of 355 per cent in just 3 years whereas the BSE Sensex Index is up by 56.33 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.