IRCON receives Rs188cr order for replacing mechanical signalling Moradabad from Indian Railways

The project was awarded on a competitive bidding basis among PSUs by the Northern Railways, Ministry of Railway.

Mar 03, 2021 04:03 IST India Infoline News Service

Indian 2000 Rs Currency Note
IRCON International on Wednesday announced that the company has been awarded the work for replacement of mechanical signalling at various locations at Moradabad at the expected completion cost of Rs187.80cr.

The project was awarded on a competitive bidding basis among PSUs by the Northern Railways, Ministry of Railway.

The tenure for the execution of the works is 24 months.

On Sensex, IRCON closed at Rs91.10 per piece down 6.90%. The stock performance was due to offer for sale (OFS) which began from today onward. The government plans to offload 16% stake in IRCON. 

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