Introduction:
Infra stock secured a ₹1,096 Crores EPC contract from the Government of Meghalaya for constructing a new Secretariat Complex. Trading at ₹204.50, the project boosts its presence in infrastructure development, with execution scheduled within 36 months in New Shillong City.
Share Price movement of Ircon International:
On March 18, 2025, Ircon International Limited opened at ₹143.60, reaching a high of ₹150.40, up 8% from its previous close of ₹138.17, with a low of ₹142.70. The stock is currently trading at ₹146.06, with a market cap of ₹13,737.17 Crores.
Ircon International share price rise:
Ircon International in a joint venture with Badri Rai and Company, secured an EPC contract from the Directorate of Urban Affairs, Government of Meghalaya. The project involves constructing a new Secretariat Complex with campus infrastructure in New Shillong City, Meghalaya, within 36 months.
The total project value is ₹1,096.17 Crores, including GST, with IRCON’s share amounting to ₹285 Crores. This contract marks a significant addition to IRCON’s project portfolio, strengthening its presence in infrastructure development within the northeastern region of India.
The order is a domestic EPC contract, not falling under related party transactions. There is no promoter or group company involvement with the awarding entity. IRCON will execute its 26% share in the project as per SEBI disclosure norms.
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Recent news About Ircon International:
Ircon International reported a 65% decline in net profit for Q3 FY25, with earnings dropping to ₹86 crore from ₹244.70 crore in the same period last year. Revenue also decreased by 10% year-on-year to ₹2,612.86 crore, down from ₹2,929.54 crore.
Stock performance of Ircon International for Period of 1 week, 6 months and 1 year:
Ircon International stock declined 4.66% over the past week, followed by a significant 38.2% drop in the last six months. Over the one-year period, the stock recorded a steep loss of 36.2%, reflecting consistent underperformance across short-term and long-term investment horizons.
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Shareholding pattern of Ircon International:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 65.17 | 65.17 | 65.17 |
| FII | 4.09 | 3.94 | 4.17 |
| DII | 1.44 | 1.63 | 2.9 |
| Retail & others | 29.31 | 29.25 | 27.77 |
About Ircon International:
Ircon International Ltd (NSE: IRCON) is a government-owned infrastructure company specializing in engineering, procurement, and construction (EPC) projects. It operates across sectors like railways, highways, bridges, and buildings, delivering large-scale projects in India and overseas, strengthening the nation’s infrastructure development.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
