MARKETS

IRCON International Shares Gain 3% on Securing an Order 

KSITIL has issued a work order to the corporation to build a dedicated rural industrial park.

Shares of IRCON International Ltd jumped more than 3% on 6 May after the company announced receiving an order from Kerala State IT Infrastructure.

The Kerala State IT Infrastructure (KSITIL) has issued a work order to the corporation to build a dedicated rural industrial park in Thiruvananthapuram District, which is worth Rs 187,08,29,148 and has a 30-month term.

Earlier, on 2 May, the company received a work order from North Eastern Electric Power Corporation valued at Rs 458.14 crore. The order calls for the construction of civil works on an item-rate basis for the Tato-I Hydroelectric Project in Arunachal Pradesh.

On 24 April, Northeast Frontier Railway upped the contract value by Rs 59.44 crore to Rs 203,6080,858.31.

On 15 July 2024 and 3 March 2025, the share reached a 52-week high of Rs 351.65 and a 52-week low of Rs 134.30.

The stock is currently trading 54% below its 52-week high and 20.44% above its 52-week low.

At 12:18 pm, the shares of IRCON International were trading 0.59% lower at Rs 157.76 on NSE.

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