Shares of IRCON International surged over 4% after the company announced a trio of major contract wins worth more than ₹1,668 crore, strengthening its foothold in India’s infrastructure development space. As of 9:17 AM, the shares were trading 3.92% higher at Rs 194.22.
The contracts come from key government agencies — the Mumbai Metropolitan Region Development Authority (MMRDA) and Rail Vikas Nigam Limited (RVNL) — and cover critical metro and railway projects.
For Mumbai Metro Line-5 (Thane-Bhiwandi-Kalyan), IRCON received a Letter of Acceptance for Package-3, valued at around ₹496 crore. The project involves setting up a 220 kV substation, power cabling, overhead traction systems, and associated electrical and mechanical works. The company will also handle the installation of lifts, escalators, SCADA systems, and depot infrastructure, followed by five years of maintenance after a two-year defect liability period.
Another win from MMRDA pertains to Mumbai Metro Line-6, for which IRCON will execute Package-2 work valued at roughly ₹669 crore. The contract includes comprehensive traction and power supply systems, along with E&M installations, lifts, and escalators, also followed by long-term maintenance responsibilities.
The third major order comes via a joint venture with JPWIPL for a railway project in Madhya Pradesh between Pipaliya Nankar and Budni. IRCON holds a 70% share of the ₹755.78 crore contract, translating to an order value of ₹529.05 crore for the company. This project includes construction of roadbeds, bridges, buildings, and track work.
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