IRCON International Shares Price Rises After ₹187 Crore Kerala Order Win

Market Movement: IRCON International Shares Price Today

IRCON International's shares price rose nearly 2% in early trade on May 6, 2025, following a major order win. At 09:21 AM, the stock was trading at ₹161.75, marking an increase of ₹3.10 or 1.95% on the BSE.

IRCON shares are trading 54% below their 52-week high of ₹351.65 (recorded on July 15, 2024) and 20.44% above their 52-week low of ₹134.30 (hit on March 3, 2025).

The company's market capitalization is pegged at ₹15,212.84 crore.

Over the past nine months, IRCON International's share price has declined by nearly 40%.

Order Win Triggers Share Price Movement

The recent uptick in IRCON International shares price follows a significant contract win:

• Client: Kerala State IT Infrastructure Ltd (KSITIL)
• Project: Construction of a dedicated Rural Industrial Park in Thiruvananthapuram District
• Order Value: ₹187.08 crore
• Project Duration: 30 months

This order is a strategic development for the company in the infrastructure sector, especially in southern India.

Other Recent Contracts Boosting Visibility

IRCON International has been on a winning streak with multiple orders in recent weeks:

• May 2, 2025: Received a work order worth ₹458.14 crore from North Eastern Electric Power Corporation for civil works in the Tato-I Hydro Electric Project, Arunachal Pradesh.
• April 24, 2025: Northeast Frontier Railway revised its existing order by an additional ₹59.44 crore, raising the total contract size to ₹203.61 crore.

Company Snapshot: IRCON International

IRCON International is a public-sector engineering and construction company under the Ministry of Railways. It specializes in large-scale infrastructure projects, including railways, highways, bridges, and power sector civil works.

Summary

The IRCON International shares price saw a boost of nearly 2% on the back of a ₹187 crore order win from Kerala State IT Infrastructure Ltd. With additional contracts worth ₹458 crore and ₹59 crore secured in recent weeks, the company is positioning itself firmly in the infrastructure segment despite recent market corrections. Investors will likely closely monitor how these developments play out in the coming days.