Ircon International Ltd has received a Letter of Acceptance (LOA) from North East Frontier Railways (NFR) for a composite works contract valued at Rs 224.5 crore.
According to the company’s filing, the scope of work includes:
The project, which covers civil, electrical, mechanical, and signal & telecom works, is to be executed over 18 months.
| Particulars | Details |
|---|---|
| Name of the entity awarding order(s)/ contract(s) | North East Frontier Railways (NFR) |
| Significant terms and conditions of order(s)/contract(s) awarded in brief | Composite Work (Civil Electrical, Mechanical and Signal & Telecom) involving construction (A) At-NJP-Upgradation/Development of maintenance infrastructure for energy efficient Vande Bharat Express at Coaching Complex/NJP. (B) At SGUJ-Infrastructure construction of GE Loco shed for homing of 250 Nos GE locos (WDG4G/WDG6G). (C) New Jalpaiguri At-NJP Next Generation Freight Maintenance Facilities in Katihar division Over Northeast Frontier railway |
| Whether order(s) / contract(s) have been awarded by domestic/ international entity | Domestic |
| Nature of order(s) / contract(s) | Works |
| Whether domestic or international | Domestic |
| Time period by which the order(s)/contract(s) is to be executed | 18 Months |
| Broad consideration or size of the order(s)/contract(s) | ₹224.49 Crore |
Shares of Ircon International were trading at Rs 169.20 on Friday, down 2.21 percent after moving between Rs 168.28 and Rs 173.40 during the session. Over the past year, the stock has risen 24.72 percent, with a range of Rs 134.24 to Rs 237.70. The company’s market capitalisation is about Rs 46.74 billion. Its shares trade at a price-to-earnings multiple of 23.82 and offer a dividend yield of 1.57 percent.
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