Ircon International shares jump 7% on Rs 862 crore railway EPC contract win
Ircon International shares surged after the company secured an EPC contract worth Rs 862.46 crore from East Central Railway. The project involves track-related works, including laying and linking railway tracks and supplying materials for the third and fourth lines under the Son Nagar–Andal project.
Shares of Ircon International surged 7% following the company's acquisition of a major railway engineering, procurement and construction (EPC) contract. The contract, valued at approximately Rs 862.46 crore, was awarded by East Central Railway's Construction Organisation in Patna, Bihar. Ircon International will be responsible for constructing the third and fourth railway lines under the Son Nagar-Andal project, which includes laying tracks capable of supporting a 32.5-tonne axle load and providing ballast and permanent way (P.Way) materials. The contract covers the Gomoh-Koderma and Gaya-Andal sections of East Central Railway.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
