IRCON International Ltd witnessed a 4% surge in its shares after securing a significant contract worth ₹127.8 crore from the S&T (Construction) department of North Western Railway. According to a regulatory filing dated April 11, 2025, the company received a Letter of Award (LOA) for a major railway signalling project.
The project involves the design, supply, installation, testing, and commissioning of a microprocessor-based Electronic Interlocking (EI) system across 20 stations in the Ajmer Division. It also includes automatic block signalling and complete indoor and outdoor works related to signalling and telecom systems.
This 24-month domestic contract marks a strategic win for IRCON, aligning with its continued expansion in railway infrastructure. The total contract value stands at ₹127,80,36,115.49. Importantly, the company clarified that the deal does not fall under related party transactions, and no promoter or group entity holds any interest in the awarding authority.
IRCON shares opened at ₹153.99 today, reaching a high of ₹155.80 and a low of ₹153.05. The stock remains well below its 52-week high of ₹351.60 but is still above the 52-week low of ₹134.24.
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