IRCON International Share Price Rises After Securing New Order from North Western Railways

Market Performance

On Tuesday morning, IRCON International's share price gained over 4%. The rise followed the company's announcement of receiving a significant order valued at ₹127 crore from North Western Railways.

The stock opened at ₹154.85, showing an increase of approximately 3.5% from the previous close of ₹149.65. This movement came after a market holiday on Monday.

In earlier trading sessions, the stock declined to a 52-week low of ₹134.30 in March 2025. Its 52-week high remains ₹351.65, recorded in July 2024. The recent contract win has contributed to a notable price movement.

Order Announcement

IRCON International disclosed on Friday, post-market hours, that it received a Letter of Award from North Western Railway, a division of Indian Railways. Due to the stock market holiday on Monday, the share price responded to the announcement on Tuesday.

Project Scope

The awarded project involves the Design, Manufacture, Supply, Installation, Testing, and Commissioning of a microprocessor-based Electronic Interlocking (EI) system, incorporating a block instrument in the EI. The project will span 20 stations in the Ajmer Division. It also includes Automatic Block Signaling and various indoor and outdoor components of the Signaling & Telecom systems.

IRCON International is to execute the work within 24 months from the date of the letter of acceptance.

Company Details

IRCON International Limited is a government-owned engineering and construction company primarily engaged in infrastructure development for railways and other transport sectors. The latest project awarded by North Western Railways is consistent with the company's core competencies in railway signaling and telecom infrastructure.

Order Value

• Order Amount: ₹127,80,36,115.49
• (Rupees One Hundred and Twenty-Seven Crore Eighty Lakh Thirty-Six Thousand One Hundred and Fifteen and Forty-Nine Paise Only)

Summary

IRCON International's stock gained momentum following the announcement of a new ₹127 crore contract from North Western Railways—the scope of work centers around advanced signaling systems for 20 railway stations under the Ajmer Division. The project is expected to be completed within two years and aligns with the company's expertise in railway infrastructure development.