Ircon International wins Rs256 crore work order from Mahanadi Coalfields; Stock soars ~4%

20 Sep 2022 , 09:19 AM

Ircon International Limited (IRCON) has been awarded the work valuing Rs256 crore by Mahanadi Coalfields Limted (MCL).

As per the filing, the awarded work is for Stage-III i.e. Detailed Engineering and Project Management Consultancy (PMC) Services for “Development of Rail Infrastructure for proposed 02 nos. RLS (20 MTY) for Ananta OCP of Jagannath Area at Talcher” by Mahanadi Coalfields Limited (MCL) at total value of Rs256 crore.

“The duration of the project shall be 15 (Fifteen) months from the date of receipt of LOA/ Work Order from MCL”, the company said on Monday.

At around 9:26 AM, Ircon International Ltd is currently trading at Rs41.95 per share up by Rs1.55 or 3.84% from its previous closing of Rs40.40 per share on the BSE.

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