Ircon International Share Price Jumps Nearly 3% on May 21 After Securing Rs 254 Crore Railway Contract

Market Performance

On Wednesday, May 21, 2025, Ircon International's share price surged by 2.96%, reaching an intraday high of ₹193.80 on the NSE.

• As of 1:00 PM, the stock was trading 7.81% higher at ₹149.05.
• The BSE Sensex recorded a 0.70% gain, reaching 74,686.06 points.

This sharp rise in Ircon International's share price came amidst positive developments for the company.

Main News: Rs 254 Crore Contract from South Western Railway Boosts Sentiment

The sudden rise in Ircon International's share price was triggered by the company securing a significant order from South Western Railway, valued at approximately ₹254 crore.

Project Highlights:

• Scope: Survey, design, supply, installation, testing, and commissioning of Kavach equipment.
• Coverage: 778 RKM across Bengaluru and Mysuru Divisions.
• Timeline: Expected to be completed within 18 months of issuing the Letter of Acceptance (LOA).

This announcement was made through an exchange filing and has significantly boosted investor confidence.

Company Details: Ircon International at a Glance

Ircon International Limited, founded in 1976, is a government-owned enterprise under the Ministry of Railways.

Key Business Areas:

• Turnkey projects for railways, highways, and metro systems
• Expertise in the construction of bridges, tunnels, signaling, and electrification
• Involved in both domestic and international infrastructure development

With decades of engineering and construction experience, Ircon has become a prominent name in the transport infrastructure industry in India.

Financial Performance Snapshot

While the Q4FY25 results are awaited, the company's Q3FY25 financials revealed mixed performance.

Revenue

• ₹2,612.9 crore in Q3FY25
• 10.8% increase YoY (from ₹2,358.5 crore in Q3FY24)

Net Profits

• ₹86.1 crore in Q3FY25
• 64.8% decline YoY (from ₹244.7 crore in Q3FY24)

Despite a substantial revenue rise, profitability faced pressure in the previous quarter.

Summary

The Ircon International share price witnessed a sharp uptick on May 21, 2025, fueled by the announcement of a ₹254 crore railway project from South Western Railway. The large-scale Kavach system project has boosted investor confidence, even as the company awaits its Q4 results. Ircon remains a notable player in India's public sector engineering space with its strong infrastructure portfolio and continued order wins.