Ircon emerges as lowest bidder for Rs861cr NHAI project; Stock trades 2% higher

4 Jan 2022 , 03:28 PM

Ircon International Limited has emerged as the lowest bidder for up-gradation and four laning of Haridwar Bypass Package-1 from Km. 0+000 (Km. 188+100 of NH-58) to Km. 15+100 (Km. 5+100 of NH 74) in the State of Uttarakhand on Hybrid Annuity Mode.

The project was floated by the National Highways Authority of India (NHAI) on competitive bidding and the value of the project is ~ Rs861cr (Bid Project Cost). The completion period of the project is 2.0 years.

This work will be undertaken & executed by a Special Purpose Vehicle which shall be incorporated by IRCON as its Wholly-Owned Subsidiary (WOS company.

Towards close of trade on Tuesday, Ircon International Ltd was trading at Rs46.25 per piece up by Rs0.9 or 1.98% from its previous closing of Rs45.35 per piece on the BSE.