IRCON shares jump 3% on bagging Rs 458 crore railway order in Arunachal Pradesh

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26 Aug, 2025 12:21

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The shares of railway construction company IRCON International jumped over 3 percent on May 5 after the company announced bagging a Rs 458 crore order from North Eastern Electric Power Corporation.

In an exchange filing released post-market hours on May 2, IRCON said the order pertains to the construction of civil works for the Tato-I Hydro Electric Project in Arunachal Pradesh, scheduled to be completed in 45 months for a broad consideration of Rs 458.14 crore.

The order comprises aspects like headworks & allied works, head race channel, head race pipe, intake, headrace tunnel, surge shaft, pressure shaft, valve house, power house and other infrastructure works, the company said.

Earlier in April, IRCON had informed about a Rs 127.80 crore order from the S&T (Construction) segment of North-Western Railway for the design, manufacture, supply, installation, testing and commissioning of microprocessor-based EI system (with inbuilt Block Instrument in EI) at 20 stations of Ajmer Division. This order is scheduled to be completed within 24 months.

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Share Price History

IRCON's share price has recorded a marginal fall in the past five days, and overall, risen over 10 percent in the past one month. The railway construction company’s stock is still down over 27 percent so far in 2025.

Read More: IRCON International: Should investors seize the opportunity after the fall?

Ircon's order book as of December 2024 stood at about Rs 22,000 crore, of which 90% is domestic and 10% is international, and the company has projected a topline of Rs 10,000 crore for FY26.

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