Ircon International Share Price Rises 3% After Winning Multiple Infrastructure Contracts

Market Performance

• Ircon International share price jumped by 3.24% in early trade on July 21, 2025.
• The stock was trading at ₹193.00, up by ₹6.05 on the BSE at 09:23 AM.
• In the past year, the stock has:
  • Touched a 52-week high of ₹327.95 on July 23, 2024
  • Dropped to a 52-week low of ₹134.30 on March 3, 2025
• Currently:
  • Trading 41.15% below its 52-week high
  • 43.71% above its 52-week low
• Market Capitalisation: ₹18,151.95 crore
• One-year return: -38%

Main News

Ircon International’s stock gained momentum following the announcement of multiple project wins across key metro infrastructure segments.

The company, through joint ventures and direct allocations, has bagged high-value contracts from Rail Vikas Nigam Limited (RVNL) and the Mumbai Metropolitan Region Development Authority (MMRDA).

Company Details

• RVNL Contract:
  • Awarded to a joint venture between Ircon (70%) and JPWIPL (30%)
  • Total Project Value: ₹755.78 crore
  • Ircon’s Share: ₹529.04 crore
• MMRDA Project – Line 5:
  • Scope includes: 220 kV receiving substation, cabling work (220kV, 33kV, 25kV), complete OHE system, 33kV auxiliary distribution system, SCADA, electrical & mechanical works, lift & escalator installation
  • Also includes: 5 years of comprehensive maintenance after a 2-year defect liability period
  • Total Value: ₹471.29 crore + €2,837,178
• MMRDA Project – Line 6 (Swami Samarth Nagar to Vikhroli):
  • Total Value: ₹642.44 crore + €2,788,168.31

These strategic wins further strengthen Ircon's presence in large-scale urban infrastructure and metro rail projects.

Project Value Summary

Summary of the Article

• Ircon International share price surged over 3% in early trade after securing contracts exceeding ₹1,800 crore.
• The deals include both joint venture and standalone project allocations from RVNL and MMRDA.
• The projects span critical metro infrastructure development in Mumbai, reflecting Ircon’s growing project portfolio.
• Despite the recent gain, the stock remains 41% below its 52-week high, although it has rebounded nearly 44% from its yearly low.
• The company's market capitalisation stands at ₹18,151.95 crore, with a one-year decline of 38%.