Shares of IRCON International Limited surged 2% after the company announced signing terms and conditions with Northeast Frontier Railway for two major contracts worth approximately ₹89 crore. The contracts focus on maintenance and breakdown services for Overhead Equipment (OHE) and Power Supply Installations (PSI) in the Tinsukia and Lumding Divisions.
As of 9:28 am the shares were trading 1.45% higher at ₹210.39 on NSE
Project Details
Tinsukia Division
- Scope: TRD Maintenance & Breakdown Attention Work
- Coverage: Nine OHE Depots
- Project Value: ₹39 crore (approx.)
Lumding Division
- Scope: TRD Maintenance, Breakdown Attention & Related Work
- Coverage: 11 OHE Depots
- Project Value: ₹50 crore (approx.)
Execution Timeline
- Both projects are expected to be completed within 24 months.
Ircon International Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Thu, Dec 26 2024
|
₹210.40
|
₹207.38
|
-1.28%
|
|
Tue, Dec 24 2024
|
₹212.50
|
₹210.06
|
-1.03%
|
|
Mon, Dec 23 2024
|
₹220.50
|
₹212.25
|
-2.76%
|
|
Fri, Dec 20 2024
|
₹218.00
|
₹218.27
|
|
|
Thu, Dec 19 2024
|
₹215.91
|
₹217.64
|
-2.76%
|
|
Wed, Dec 18 2024
|
₹228.71
|
₹223.81
|
-2.14%
|
|
Tue, Dec 17 2024
|
₹230.00
|
₹228.71
|
-0.67%
|
|
Mon, Dec 16 2024
|
₹227.20
|
₹230.25
|
|
Key Highlights
- The contracts aim to enhance railway operational reliability and efficiency in the Northeast Frontier regions.
- IRCON emphasized that these agreements involve no related party transactions, ensuring full transparency and compliance with regulatory standards.
