Ircon International Limited (IRCON), in a joint venture (JV) with AMRIL, secured an Engineering, Procurement, and Construction (EPC) contract worth ₹631.20 crore for road construction in Manipur. The project, involving rigid pavement and lined drains, spans 122.209 km under the Imphal East Division (ED-2), Package 3. IRCON’s share in the contract is valued at ₹164.11 crore, with the project expected to be completed within 36 months. This development highlights IRCON’s role in enhancing regional connectivity and infrastructure.
Stock Performance:
IRCON’s shares surged nearly 4% today, trading at ₹209.19. The stock opened at ₹204.56 and hit a day’s high of ₹210.49. Its market capitalization stands at ₹197.26 billion, with a 52-week range of ₹175.25 to ₹351.60. The P/E ratio is 21.42, and the dividend yield is 1.48%.
This contract reinforces IRCON’s continued involvement in India’s large-scale infrastructure projects, aligning with government initiatives to improve regional road networks and connectivity.
Disclaimer
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