Ircon International

Ircon International stock zooms 5% on securing order worth Rs 751 cr order

The surge in share price ame after the company announced that Ircon-Paras-PCM joint venture (JV) has been awarded with a letter of award (LoA) for the project worth Rs 751 crore, floated by RVNL

Buzzing stocks, July 5: PNB, Zomato, Ircon, Ujjivan SFB, Delhivery, UCO Bk

Stocks to Watch today, Friday, July 5, 2024: PNB's global loan book surged 12.7 per cent year-on-year (Y-o-Y) to Rs 10.3 trillion in the April-June quarter of FY25 (Q1FY25)

Railway stocks in focus; RailTel, RVNL, Texmaco, RITES zoom up to 13%

The Indian Railways' fast-track approach and the government's push for Atmanirbhar Bharat have catalysed to chart new frontiers

Ircon International shares slide 5% on sluggish Q4 show; profits dip by 4%

The engineering and construction firm saw a decline of 3.8 per cent in its consolidated net profit, totaling Rs 246.8 crore for the March quarter, compared to Rs 256.49 crore from the same period last

Stocks to Watch, May 22: Apollo Tyres, Biocon, Gulf Oil, Ircon Int'l

European markets closed on a negative note, with Germany's DAX falling 0.22 per cent and the UK's FTSE dropping 0.09 per cent

Ircon International Q4 results: Net profit rises 15% to Rs 286 crore

Ircon International Ltd on Tuesday said it has posted a 15.1 per cent growth in its profit after tax at Rs 285.68 crore during the March 2024 quarter. It had clocked Rs 248.18 crore profit after tax (PAT) during the January-March quarter of the 2022-23 financial year, Ircon International said in a statement. Profit after tax increased by 21.5 per cent to Rs 930 crore in FY24 as against Rs 765 crore in FY23. Total revenue of the company rose 0.6 per cent to Rs 3,796.59 crore from Rs 3,773.97 crore in the year-ago quarter. As on March 31, 2024, the company's total order book stood at Rs 27,208 crore. The company's board has recommended a final dividend of Rs 1.30 per equity share on a face value of Rs 2 per share for FY24. State-owned Ircon International Ltd is a leading turnkey construction company. The company has executed projects in the areas of railway construction, including ballastless track, electrification, tunnelling, signal & telecommunication.

Railway-related stocks rally up to 18%; IRFC m-cap crosses Rs 2 trillion

RVNL, IRFC, IRCON International, NBCC, RailTel Corporation of India and Texmaco Rail & Engineering were up in the range of 5% to 18%.

Sensex, Nifty snap 7-day winning run, end marginally down; Paytm cracks 19%

Closing Bell on December 7, 2023: Broader indices, however, outperformed on Thursday - the BSE MidCap index advanced 0.7 per cent, while the SmallCap added 0.3 per cent.

Stocks to Watch: Adani Wilmar, Delta Corp, Paytm, Bharti Airtel, IRCON, BEL

Stocks to Watch on December 7, 2023: As per reports, Warburg Pincus is offloading shares in Bharti Airtel and IDFC First Bank

Govt to sell 8% stake in IRCON International through offer-for-sale

The plan is to offload 37.6 million equity shares, of face value of Rs 2 each-representing 4 per cent of the company for non-retail investors on Thursday

Centre to sell up to 8% stake in state-run IRCON International this week

The government owns 73.18% in the engineering and construction company, and the 8% stake sale will help the government to raise about 11.59 billion rupees ($139.11 million)

Ircon International Q2 results: Net PAT rises 44% to Rs 251 crore

Ircon International Ltd, a navratna public sector enterprise and a leading turnkey construction company, on Thursday reported a 44 per cent rise in consolidated Profit After Tax (PAT) of Rs 250.8 crore in the September quarter. The company had posted a consolidated PAT of Rs 174.2 crore in the year-ago period, Ircon International said in a filing to the BSE. The company said its consolidated total income increased to Rs 3,136.3 crore in the second quarter of the ongoing fiscal from Rs 2,305.9 crore in the same quarter last year. The total order book of the company stood at Rs 32,152 crore as on September 30, it said. IRCON is engaged in the railways and highways sectors and comes under the Ministry of Railways.

Ircon zooms 15%, IRFC m-cap hits Rs 1 trn: Why are railway stocks buzzing?

The US, Saudi Arabia, India, and other nations are discussing a possible infrastructure deal that could reconfigure trade between the Gulf and South Asia, linking Middle Eastern countries by railway

Ircon International surges 8% on healthy Q1 results, order book

As on June 30, 2023, Ircon total order book position stood at Rs 32,486 crore, of which orders worth of Rs 23,613 crore were from railways.

Ircon International Q4 PAT grows 25% to Rs 248 cr, total revenue up 31%

Ircon International Ltd on Thursday said it has posted a 25 per cent growth in its profit after tax at Rs 248.18 crore during the March quarter, helped by higher income. It had clocked Rs 197.09 crore profit after tax (PAT) during the January-March quarter of the 2021-22 financial year (FY), Ircon International said in a statement. Total revenue of the company rose 31.72 per cent to Rs 3,773.97 crore from Rs 2,865.12 crore in the year-ago quarter. As on March 31, 2023, the company's total order book stood at Rs 35,195 crore. The company's board has recommended a final dividend of Rs 1.20 per equity share on a face value of Rs 2 per share for FY23. State-owned Ircon International Ltd is a leading turnkey construction company. The company has executed projects operated in the areas of railway construction, including ballast less track, electrification, tunnelling, signal & telecommunication.

Ircon Int'l, RVNL surge up to 10%, hit 52-week high on heavy volumes

In past one month, RVNL and Ircon International have rallied 30 per cent each at the bourses, as against nearly 4 per cent rise in the Sensex.

Century-old railway track in Sri Lanka being rebuilt with Indian assistance

The reconstruction work of a century-old railway track in northern Sri Lanka, which will be completed under India's assistance, was officially inaugurated here on Monday, a move aimed at enhancing mobility of goods and services and boosting economic activity in the cash-strapped island nation. The 43-km long reconstructed railway track between Medawachchiya and Madhu Road represents the first phase of the project to reconstruct the Northern Railway Line, covering 252 km. IRCON International, an Indian company that has contributed to several railway reconstruction projects in Sri Lanka, is headlining this project. Additionally, ancillary works from Maho to Omanthai 128 km is also being undertaken by IRCON, under an existing line of credit (LoC) of USD 318 million, at a cost of USD 91.27 million. As a long-standing development partner of Sri Lanka, the Government of India executed several projects in Sri Lanka under its concessional loans and grant schemes. Of the different sectors o

Ircon International Q2 net up 38% to Rs 174 cr, income rises to Rs 2,305 cr

Ircon International Ltd on Friday reported a 38.3 per cent rise in its consolidated net profit at Rs 174.18 crore for the quarter ended September 30, 2022. The company had posted a consolidated net profit of Rs 125.94 crore in the year-ago period, Ircon International said in a filing to BSE. The consolidated income of the company during the second quarter increased to Rs 2,305.87 crore from Rs 1,582.67 crore in the year-ago period. Ircon International is a government of India undertaking under the Ministry of Railways.

Stocks to Watch: Hero Moto, Adani Enterprises, Zydus Life, Vodafone Idea

Stocks to Watch today: Hero MotoCorp said it will invest USD 60 million (about Rs 490 crore) in US-based Zero Motorcycles to jointly develop electric motorcycles

Broad-based rally lifts Sensex 578pts, Nifty above 17,800; pharma stks lead

CLOSING BELL: Besides, the Nifty Auto and Private Bank indices advanced 1.7 per cent each