Shares of Ircon International Ltd were trading in the green on August 22 after the firm got Letter of Award for a project worth Rs 510.5 crore from Meghalaya government.
The project is "construction of Eklavya Model Residential Schools at Eight different locations in the state of Meghalaya on Design, Engineering, Procurement and Construction (EPC) basis, Package-II".
The EPC project is to be executed within 36 months.
At 12:25 pm on August 25, Ircon shares were trading 0.8% higher at Rs 171.5 apiece. The 52-week low of the stock is Rs 134 and 52-week high of the stock is Rs 273. The market capitalisation of the stock is Rs 15,900 crore.
The state-run engineering and construction firm reported a sharp decline in its first quarter performance for FY26, with profit after tax falling 26.5% year-on-year to Rs 164.5 crore due to decline in overall income.
Revenue from operations for the April–June 2025 quarter stood at Rs 1,786 crore, down 22% from Rs 2,287 crore in the same period last year. Total income declined to Rs 1,892.4 crore from Rs 2,385.3 crore a year ago.
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