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IRCON wins an ₹862.46 crore East Central Railway track-materials order

IRCON International has received an EPC order worth ₹862.46 crore from East Central Railway, to be executed in 365 days. It covers ballast and permanent-way materials.

Price, Monday's close₹104.73▲ 0.16%
Last 5 days
52-week low ₹101.6052-week high ₹186.44
Sector
Infrastructure

What happened

  • The order is for engineering, procurement and construction works including ballast and permanent-way (P.Way) materials, with laying and linking of track, for 32.5-tonne axle load, on the Gomoh-Koderma and Gaya-Son Nagar sections, per Upstox.
  • It also covers supply of P.Way material at Gaya for the third and fourth lines of the Son Nagar-Andal project, according to Upstox.
  • The execution period is 365 days. The order was disclosed after Monday's market close.
  • Sahi put IRCON's order book at ₹23,366 crore on 30 June, of which railways were ₹17,989 crore.
  • The shares closed at ₹104.73 on Monday, up 0.16%.

Why it matters

Good to know: P.Way, or permanent way, is the railway's track structure: rails, sleepers and ballast. An EPC contract hands the contractor design, supply and construction in one package.

Key facts

Order value
₹862.46 crore
Customer
East Central Railway
Execution period
365 days
Order book, 30 June
₹23,366 crore (per Sahi)

Read the source

This is a summary of public news about IRCON International, for information only. It is not a recommendation to buy, sell or hold IRCON.

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