Introduction:
Leading infra company has secured a ₹194.45 crore contract for the supply, installation, testing, and commissioning of 665 towers for the Kavach system. The project aims to enhance railway safety and will be completed within 14 months.
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Share price movement of IRCON:
On February 10, 2025, IRCON International Ltd opened at ₹191.80, up 0.03% from its previous close of ₹189.00. The stock reached a high of ₹193.20 and a low of ₹186.50. By 4:01 PM, it traded at ₹188.95, with a VWAP of ₹188.77.
Ircon International Secures ₹194 Crore Contract for Kavach Towers:
Ircon International Limited (IRCON) has received a Letter of Acceptance from Central Railway for the supply, installation, testing, and commissioning of 665 towers for the Kavach system. The contract, valued at ₹194.45 crore, is set for completion within 14 months.
The project involves critical infrastructure work aimed at enhancing railway safety and efficiency. IRCON will undertake the survey, design, and execution of the towers, reinforcing its expertise in large-scale railway projects. The contract further strengthens IRCON’s position in the railway infrastructure sector.
With this order, IRCON continues to expand its footprint in railway modernization projects. The Kavach system is an advanced train protection technology, and IRCON’s involvement highlights its role in supporting India’s railway safety initiatives through cutting-edge infrastructure development.
Stock performance of IRCON for Period of 1 week, 6 months and 1 year:
Ircon International Limited’s stock declined by 3.24% over the past week, reflecting short-term weakness. Its six-month return dropped by 27.8%, indicating prolonged challenges. Over the past year, the stock fell 14.9%, highlighting sustained pressure despite broader market movements.
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Shareholding pattern of IRCON:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 65.20% | 65.20% | 65.20% |
| FII | 4.10% | 3.90% | 4.20% |
| DII | 1.70% | 1.90% | 3.20% |
| Public | 29.00% | 29.00% | 27.50% |
About IRCON:
Ircon International Ltd (NSE: IRCON), established in 1976, is a leading PSU specializing in large-scale infrastructure projects. Originally a railway construction company, it expanded into highways and other sectors, delivering technologically advanced engineering and construction solutions across India and globally.
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.
