Ircon International receives Rs 122 crore order from Sri Lanka Railways

7 Dec 2022 , 01:29 PM

Ircon International Limited informed that it has been awarded the work for procurement of design, installation, testing, commissioning, and certifying of signalling and telecommunication system from Maho Junction (Including) to Anuradhapura (excluding).

The order has been awarded by Sri Lanka Railways, Ministry of Transport, Sri Lanka, under the Indian Line of Credit.

The consideration of the order has been fixed at Rs122 crore (USD 14.89 Million).

The company stated in its exchange filing that this work has been awarded on a competitive bidding basis and the contract period will be 24 months from the date of signing of the contract agreement.

At around 1.35 PM, Ircon International was trading at Rs65.05 up by 0.31% from its previous closing of Rs64.85 on the BSE. The scrip touched intraday high and low of Rs66.80 and Rs64.10 respectively.

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