IRCON International share price gains 4% on ₹127 crore order win from North Western Railways

Stock Market Today: IRCON International share price gained more than 4% in the morning trade on Tuesday after it announced winning an order worth ₹127 crore from North Western Railways.

IRCON International share price movement

IRCON International share price opened at ₹154.85 on Tuesday after the extended weekend, with Monday being a stock market holiday. At the time of opening, IRCON International share price was up almost 3.5% compared to the previous trading session's closing price of ₹149.65. 

IRCON International share price has corrected sharply to a 52-week low of ₹134.30 at the start of March 2025. Meanwhile, its 52-week or 1-year high remains at ₹351.65, which it touched in July 2024. The news flow around a large order win propelled IRCON International's share price, more than 4% higher.

IRCON International order win details

IRCON International on Friday, post-market hours, had informed the exchanges about receiving the Letter of Award issued by North Western Railway, Indian Railways. With Monday being a stock market holiday the IRCON International share price reacted to the news on Tuesday.

As per the press release, S&T (Construction), North Western Railway, Indian Railways has awarded the work to Ircon International Limited for Design, Manufacture, Supply, Installation, Testing & Commissioning of Microprocessor based EI system (with inbuilt Block Instrument in EI) as per RDSO Spec at 20-stations of Ajmer Division along with Automatic Block Signaling and associated indoor & outdoor works of Signaling & Telecom Systems/gears.

The domestic order or work contract received by IRCON International is to be completed by the company in 24 months from the date of issue of letter or acceptance, the filing said.

The broad consideration for the order or work contract received by IRCON International from North Western Railways is for ₹127,80,36,115.49 (Rupees One Hundred And Twenty-Seven Crore Eighty Lakh Thirty-Six Thousand One Hundred And Fifteen Rupees And Forty-Nine Paise Only).

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