IRCON International, a leading railway PSU, has clinched a significant Engineering, Procurement, and Construction (EPC) contract worth ₹1,068 crore from East Central Railway. The order, awarded for the construction of a major rail bridge under the Ganga Bridge Project, marks a milestone in IRCON’s project portfolio and underscores its robust engineering capabilities.
Following the announcement, IRCON’s shares soared by 13.8%, reflecting heightened investor confidence and strong market sentiment. This surge came amid high trading volumes, signaling renewed interest in railway infrastructure stocks.
The new contract will further strengthen IRCON’s already impressive order book, which currently stands at ₹3,865 crore. Market experts believe that this fresh order will not only boost the company’s revenue and profitability in the coming quarters but also enhance its reputation as a preferred contractor in the railway infrastructure sector.
This strategic win is expected to provide a solid foundation for IRCON’s future growth, as the company continues to secure large-scale projects across the country. The successful execution of such high-value contracts is likely to attract more opportunities, reinforcing IRCON’s leadership in the sector.
Overall, the ₹1,068 crore order is seen as a significant step forward for IRCON International, promising improved financial performance and greater value creation for its shareholders in the near future.
 contract worth ₹1,068 crore from East Central Railway.){kind=link}