MoneyWorks4Me

Ircon International makes investment of Rs 50 crore in wholly owned subsidiary

25 Oct 2018 Evaluate

Ircon International has made an investment of Rs 50 crore (i.e. in 5 crore equity shares of Rs 10 each) in a wholly owned subsidiary -- Ircon Davanagere Haveri (IrconDHHL) by way of right issue. As on October 2018, the total investment made by the company in IrconDHHL is Rs 104.05 crore.

Ircon International is an integrated Indian engineering and construction company, specializing in major infrastructure projects, including, railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, EHV sub-stations, electrical and mechanical works, commercial and residential properties, development of industrial areas, and other infrastructure activities.

Peers
Company Name CMP
Larsen & Toubro 3632.00
Kalpataru Projects 1368.90
NCC 125.55
Rail Vikas Nigam 199.75
KEC International 352.15
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