iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

IRCON emerge L-1 bidder for canal project

17 Nov 2022 , 10:39 AM

The work includes completion of earth work of main canal system from RD 18 to 74 km & other ancillary activities. The project was floated by Government of Madhya Pradesh – Water Resources Department on competitive bidding. The quoted value of the project is approximately Rs 392.52 crore. The project duration is 36 months and MOM (Management, Operation and Maintenance) period will be 60 months. The Letter of Award is yet to be issued by Government of Madhya Pradesh – Water Resource Department, the company said. IRCON International is a public sector construction company, with emphasis on infrastructure projects, with specialization in execution of Railway projects on turnkey basis and otherwise. The Government of India (GoI) held 73.18% in the company at the end of September 2022. On a consolidated basis, the companys net profit rose 38.3% to Rs 174.18 crore in Q2 FY23 on 47% jump in revenue from operations to Rs 2,238.85 crore in Q2 FY23 over Q2 FY22. The IRCON scrip was down 3.13% at Rs 55.70 on the BSE. Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.