Shares of IRCON International Ltd rose more than 3% on 5 May after the company announced securing a Rs 458 crore contract from North Eastern Electric Power Corporation.

In a post-market statement on 2 May, IRCON stated that the order refers to the building of civil works for the Tato-I Hydro Electric Project in Arunachal Pradesh, which is planned to be completed in 45 months for a total of Rs 458.14 crore.

The order includes headworks and related works, head race channel, head race pipe, intake, headrace tunnel, surge shaft, pressure shaft, valve house, powerhouse, and other infrastructure works, according to the business.

In April, IRCON received a Rs 127.80 crore order from North-Western Railway’s S&T (Construction) sector to design, manufacture, supply, install, test, and commission a microprocessor-based EI system (with built-in Block Instrument) at 20 Ajmer Division stations. This order is expected to be completed within 24 months.

In March, IRCON International, in collaboration with SSNR Projects Pvt Ltd under the IRCON-SSNR JV, secured a significant railway infrastructure contract from Rail Vikas Nigam Ltd.

The scope includes the construction of two tunnels — T1 (km 33+160 to km 34+400) and T2 (km 57+400 to km 66+040) — as well as the installation of a ballast-less track and associated formation work.

This project is part of the 198-km-long electrified broad-gauge rail line between Mangliyagaon (Indore) and Budni in Madhya Pradesh, covering the Ratlam and Bhopal divisions of the Western and West Central Railways.

The total contract value is Rs 872.69 crore (inclusive of GST) and is scheduled for completion in 40 months, with an additional six-month defect liability period. IRCON will handle 70% of the project, valued at Rs 610.88 crore, while SSNR Projects will manage the remaining 30%.

Ircon’s order book as of December 2024 was over Rs 22,000 crore, with 90% domestic and 10% international, and the company expects a topline of Rs 10,000 crore for FY26.

At 11:34 pm, the shares of IRCON International were trading 3.07% higher at Rs 157.80 on NSE.

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