Shares of IRCON International Ltd surged 6% on 13 October after the state-owned railway infrastructure company secured a Rs 862.46 crore contract from East Central Railway. 

The company disclosed the order in a regulatory filing dated October 12. The engineering, procurement and construction (EPC) contract covers railway track works and the supply of materials for the construction of the third and fourth lines under the Son Nagar-Andal project. IRCON must complete the work within 365 days.

The contract includes supplying ballast and permanent way materials, laying and linking railway tracks, and carrying out related work designed to handle a 32.5-tonne axle load.

The project covers two sections of East Central Railway. These include the Gomoh-Koderma section under the Dhanbad division and the Gaya-Son Nagar section under the Deen Dayal Upadhyaya division. The order also includes supplying railway materials at Gaya for the additional railway lines.

The project aims to support railway infrastructure expansion by increasing track capacity along the Son Nagar-Andal corridor. Additional railway lines can help accommodate more train movements and improve the efficiency of rail operations.

The latest contract follows another order worth Rs 96.25 crore from Konkan Railway Corporation. Awarded in October, the five-year contract covers maintenance of integrated tunnel communication systems, including video surveillance, public address, emergency communication and networking infrastructure along the Katra-Banihal section.

At the end of the June 2026 quarter, IRCON’s order book stood at Rs 23,366 crore, providing visibility into its ongoing and future project execution.

At 12:39 pm, the shares of IRCON International were trading 0.73% higher at Rs 105.49 on NSE.

Feeling overwhelmed by the markets? Let Tradz by EquityPandit be your guide. Our user-friendly app simplifies complex data and provides actionable trading signals. Download the app today and trade with confidence!