Shares of IRCON Worldwide Ltd surged 3% on 21 Might after the corporate introduced receiving a contract value Rs 253.56 crore from South Western Railway.
The order covers the set up, testing, and commissioning of KAVACH tools.
In its regulatory submitting, the corporate stated, “Pursuant to Regulation 30 of SEBI (Itemizing Obligations and Disclosure Necessities) Laws, 2015 [“SEBI (LODR) Regulations”], it’s to tell that South Western Railway, Indian Railway has awarded the work to Ircon Worldwide Restricted for survey, design, provide, set up, testing and commissioning of KAVACH tools and different related works over 778 RKM of Bengaluru and Mysuru Divisions of South Western Railway.”
As well as, on 21 Might, the Navratna public sector group (PSU) will report its quarterly earnings for the fourth quarter of fiscal yr 2024-25.
The submitting added, “Hereby knowledgeable {that a} assembly of the Board of Administrators of the Firm is scheduled to be held on Wednesday, 21 Might, 2025 to, inter-alia, think about & approve the Audited Monetary Outcomes (Standalone & Consolidated) for the quarter and yr ended on 31 March, 2025.”
The general public-sector turnkey building firm’s web revenue fell 65% yr on yr to Rs 86 crore in Q3 FY25, in comparison with Rs 245 crore in the identical interval final yr.
Its working income declined 11% yr on yr to Rs 2,613 crore within the third quarter of fiscal yr 2024-25. It was Rs 2,929 crore in the identical time of the earlier fiscal yr.
At 1:50 pm, the shares of IRCON Worldwide have been buying and selling 0.16% increased at Rs 188.60 on NSE.
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