SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Ircon International emerges as lowest bidder for projects floated by NHAI, Chennai Metro Rail

26 Nov 2021 Evaluate

Ircon International has emerged as lowest bidder for the two projects floated by National Highways Authority of India (NHAI) and Chennai Metro Rail. The first project is for construction of Eight lane access controlled Expressway from Km 3.000 to Km 20.200 (Shirsad to Akloli Section- SPUR of Vadodara Mumbai Expressway) in the State of Maharashtra on Hybrid Annuity Mode under Bhartmala Pariyojana (Phase II- Pacakge-XIV). The project is floated by NHAI and value of the project is approximately Rs 1124 crore (Bid Project Cost). The completion period of the project is two years. This work will be undertaken & executed by a Special Purpose Vehicle which shall be incorporated by IRCON as its Wholly-Owned Subsidiary Company.

The second project is for Supply, Installation, Testing and Commissioning of Track Works of Standard Gauge including all associated works in underground and elevated section between Light House Station and Poonamalle Bypass Station and Poonamalle Depot The project is floated by Chennai Metro Rail and value of the project is approximately Rs 337.61 crore. The completion period of the project is around four years.

Ircon International is an integrated Indian engineering and construction company, specializing in major infrastructure projects.

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..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×