IRCON International Shares Gain After Company Secures Crore Meghalaya School Project Worth ₹510.47 Crore

ICRON International share price is up by 1.48%, or 2.52 points and is trading at ₹172.70, as of 1:00 PM today. The share price gain comes after the news of the company securing a major order worth ₹510.47. The shares have their 52-week high at ₹273.20, made in August 2024 and the 52-week low of ₹134.25, made in March 2025.

Today, the company announced that it has received a Letter of Award (LOA) worth ₹510.47 from the Meghalaya Infrastructure Development & Finance Corporation Limited. The project requires ICRON International to construct Eklavya Model Residential Schools across eight locations in Meghalaya. The project is based on Design, Engineering, Procurement, and Construction (EPC) basis (Package-II). The company made the announcement under Regulation 30 of SEBI (LODR) Regulations, 2015.

The execution timeline for the whole project is 36 months and the project is expected to majorly boost the order book of the company and provide revenue visibility for the next 36 months. It has also pushed investor sentiments higher as the share price is up today.

IRCON International Limited is a company that is engaged in large-scale infrastructure projects including railways, highways, buildings, and civil construction. The company is Navaratna PSU under the ministry of Railways and is headquartered in New Delhi. Listed since September 2018, it has IRCON (NSE), 541956 (BSE) as its ticker symbols.

REF: https://nsearchives.nseindia.com/corporate/IRCON_22082025120109_STEXLETTERLOA22082025.pdf

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