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Ircon International rises on signing MoU with RZD International

15 May 2020 Evaluate

Ircon International is currently trading at Rs. 87.10, up by 1.25 points or 1.46% from its previous closing of Rs. 85.85 on the BSE.

The scrip opened at Rs. 87.60 and has touched a high and low of Rs. 88.70 and Rs. 86.90 respectively. So far 8638 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 119.76 on 19-Feb-2020 and a 52 week low of Rs. 58.20 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 91.80 and Rs. 85.00 respectively. The current market cap of the company is Rs. 4037.16 crore.

The promoters holding in the company stood at 89.18%, while Institutions and Non-Institutions held 3.49% and 7.33% respectively.

Ircon International has signed a Memorandum of Understanding (MoU) with RZD International LLC, a subsidiary of state-owned Russian Railways Company to explore opportunities for joint development of railways and other infrastructure projects in Asia, Africa and Latin America.

According to MoU, both parties have agreed to form a joint Indian - Russian working group. This group will look into ways of developing strong partnership to coordinate, plan and subsequently implement projects in field of railways and other infrastructure not only in India but also in countries of mutual interest.

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.


Ircon International Share Price

154.75 12.35 (8.67%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
View more..

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