Shares of IRCON Worldwide Ltd ended 1.5% decrease after touching a day’s excessive of Rs 173.40 on twenty sixth September, regardless of the corporate securing a Letter of Acceptance (LoA) price Rs 224.5 crore from North East Frontier Railways for composite works masking civil, electrical, mechanical, and sign & telecom infrastructure.
The venture includes upgrading Vande Bharat upkeep amenities at New Jalpaiguri. Moreover, it includes setting up a GE locomotive shed at Siliguri to accommodate 250 GE locomotives. Subsequent-generation freight upkeep amenities can even be established within the Katihar division. The work is scheduled to be accomplished in 18 months.
IRCON mentioned the order is solely home, with no related-party transactions, and helps Indian Railways’ modernisation drive.
Final month, the corporate reported weak Q1 FY26 outcomes. Revenue after tax fell 26.5% to Rs 164.5 crore. Income from operations dropped 21.9% to Rs 1,786 crore. Moreover, whole revenue declined to Rs 1,892.4 crore.
Regardless of the slowdown, IRCON’s order ebook remained sturdy at Rs 20,973 crore as of thirtieth June, 2025. Out of this, Rs 15,724 crore was from railways, Rs 4,234 crore from highways, and Rs 1,015 crore from different sectors.
At 3:30 PM, the shares of IRCON Worldwide Ltd ended 1.52% decrease at Rs 170.40 on NSE.
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