Ircon International received contracts from South Western and North Western Railways, totalling over ₹253 crore. Despite the stock slipping below its 200-DEMA, it has shown decent monthly returns. Q4 and FY25 results are due May 21.
The share price of Ircon International Limited was in focus on Wednesday, May 21, 2025, following the announcement of a significant Letter of Acceptance (LOA) received from South Western Railway.
As of 12:26 PM IST, Ircon International Limited was trading at ₹187.41, down by 0.53%, crossing below 200-DEMA. The intraday high has been ₹193.95, while the low has been ₹185.43. Over the past month, the stock has delivered a return of approximately 16.16%, with a one-year negative return of 32.10%.
Ircon International Limited, a Navratna Company and a Government of India Undertaking, announced on May 20, 2025, the receipt of a significant Letter of Acceptance (LOA) from South Western Railway, Indian Railway. The contract is for the survey, design, supply, installation, testing, and commissioning of KAVACH equipment and other associated works across 778 RKM (Route Kilometres) of the Bengaluru and Mysuru Divisions of South Western Railway.
The project, classified as a domestic works contract, has a broad consideration or size of ₹253.56 crore. The execution time for this crucial railway safety project is 18 months from the date of issue of the LOA.
Earlier, on May 15, 2025, Ircon announced another LOA from North Western Railway for the implementation of a Remote Diagnostic & Predictive Maintenance System. The project will cover various sections, including the RE-MD Section (Jaipur Division), MD-PNU Section (Ajmer Division), RE-BTI Section (Bikaner Division), and MTD-LUNI Section (Jodhpur Division). This domestic works contract is valued at ₹51.61 crore.
For the quarter ended December 2024, Ircon International reported consolidated net profit of ₹86.10 crore on a total income of ₹2,612.86 crore. For the fiscal year 2024, the total revenue was ₹12,513.65 crore, and the net profit was ₹929.51 crore.
On May 21, 2025, the company will announce its Q4FY25 and FY25 financial results.
Ircon International Limited (IRCON) commenced its business in 1976 as a railway construction company, it diversified progressively since 1985 as an integrated engineering and construction PSU specialising in large and technologically complex infrastructure projects in various sectors such as railways, highways, etc.
Disclaimer: The article is for informational purposes only and not investment advice.
For android only