Page 2 - Ircon International

Century-old railway track in Sri Lanka being rebuilt with Indian assistance

The reconstruction work of a century-old railway track in northern Sri Lanka, which will be completed under India's assistance, was officially inaugurated here on Monday, a move aimed at enhancing mobility of goods and services and boosting economic activity in the cash-strapped island nation. The 43-km long reconstructed railway track between Medawachchiya and Madhu Road represents the first phase of the project to reconstruct the Northern Railway Line, covering 252 km. IRCON International, an Indian company that has contributed to several railway reconstruction projects in Sri Lanka, is headlining this project. Additionally, ancillary works from Maho to Omanthai 128 km is also being undertaken by IRCON, under an existing line of credit (LoC) of USD 318 million, at a cost of USD 91.27 million. As a long-standing development partner of Sri Lanka, the Government of India executed several projects in Sri Lanka under its concessional loans and grant schemes. Of the different sectors o

Ircon International Q2 net up 38% to Rs 174 cr, income rises to Rs 2,305 cr

Ircon International Ltd on Friday reported a 38.3 per cent rise in its consolidated net profit at Rs 174.18 crore for the quarter ended September 30, 2022. The company had posted a consolidated net profit of Rs 125.94 crore in the year-ago period, Ircon International said in a filing to BSE. The consolidated income of the company during the second quarter increased to Rs 2,305.87 crore from Rs 1,582.67 crore in the year-ago period. Ircon International is a government of India undertaking under the Ministry of Railways.

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CLOSING BELL: Besides, the Nifty Auto and Private Bank indices advanced 1.7 per cent each

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Stocks to Watch Today: Oil related shares are likely to be in focus on Tuesday as the oil ministry sought a review of the windfall profit tax on domestically produced crude oil.

Ircon International posts 41.8% rise in Q4 net profit at Rs 242 crore

The consolidated income of the company in the period under review increased to Rs 3,010.71 crore over Rs 2,513.42 crore in the preceding year.

Ircon International Q2 consolidated net profit grows to Rs 126 crore

The state-owned firm on Friday posted about 50 per cent rise in its consolidated net profit

Ircon International June qtr net profit more than doubles to Rs 89 cr

State-owned engineering and construction firm Ircon International Ltd on Thursday posted an over 2-fold jump in consolidated net profit to Rs 88.99 crore for the June quarter, helped by higher income

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Ircon International board approved the issue of bonus shares in the ratio of 1:1

IRCON International zooms 8% as firm to consider bonus issue

Choice Broking has 'BUY' rating on the stock with a target price of Rs 174.5

Ircon shed 7% even as OFS is oversubscribed, Mtar Tech gets 4x bids

Easy Trip Planners of easemytrip.com fame to launch Rs 510-crore IPO on Monday

Ircon International retail book offering sees subscription of 98%

Through the share sale, the government seeks to mop up Rs 675 crore. Shares of Ircon closed at Rs 91.25 on Thursday.

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Bharti Airtel has raised $750 million through allotment of 'unsecured senior fixed rate notes' to eligible investors

Mumbai-Ahmedabad bullet train: First pictures are out, check here

The E5 Series Shinkansen, operated by the East Japan Railway Company, travels at an average speed of 320 km per hour, with a top speed of 350 km per hour

Ircon International, PNC Infratech advance up to 9% on order wins

PNC Infratech was up 8 per cent at Rs 189 after the company in JV with SPML Infra, announced receipt of LOA for an EPC project for 10 years of Rural Water Supply Project in UP.

Ircon International wins contracts worth over Rs 400 cr from Railways

"Ircon International Limited has secured works of total 9 Road Over Bridges (ROBs) valuing more than Rs 400 crore from Ministry of Railways, Government of India," the company said in a filing

Ircon International reports Rs 34.46 crore net profit in June quarter

State-owned engineering and construction firm Ircon International Ltd on Tuesday reported a consolidated net profit of Rs 34.46 crore for the quarter ended June. It had clocked a consolidated net profit of Rs 144.66 crore in the corresponding period a year ago, it said in a regulatory filing. As per the filing, the results for the quarter are "not comparable with those of the previous quarters" as the company's revenue from operations for the quarter has reduced substantially due to nationwide lockdown imposed to contain the spread of COVID-19". Ircon's total income in the latest June quarter was at Rs 549.29 crore as against Rs 1,127.98 crore in the year-ago period. "The Company/Group is actively monitoring the impact of the COVID-19 pandemic on its financial condition, liquidity, operations, work force etc," it said, adding that revenue from operations for the quarter reduced substantially due to nationwide lockdown imposed to contain the spread of COVID-19. According to the ...

Ircon marks 27% growth in Q4 profit at Rs 122 cr, turnover at Rs 1,788 cr

Earnings per share increased to Rs 13.02 in Q4 FY20 as compared to Rs 10.16 in Q4 FY19, it said in a statement late on Friday after the closing of market hours

Analysts cautious on railway stocks despite resumption in train services

Analysts believe the resumption of passenger train services is like a sentimental boost from the government and can give a short-term bounce to the stocks, an extension of lockdown may dent sentiment

Ircon International surges 29% in three days on good Q3 results

The company's consolidated earnings before interest, tax, depreciation, and amortisation (Ebitda) margin improved to 12.7 per cent in Q3FY20