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Ircon International jumps on achieving breakthrough of tunnel in USBRL project

08 Mar 2022 Evaluate

Ircon International is currently trading at Rs. 39.90, up by 0.35 points or 0.88% from its previous closing of Rs. 39.55 on the BSE.

The scrip opened at Rs. 39.40 and has touched a high and low of Rs. 40.40 and Rs. 39.40 respectively. So far 81885 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 53.95 on 20-May-2021 and a 52 week low of Rs. 39.00 on 24-Feb-2022.

Last one week high and low of the scrip stood at Rs. 40.90 and Rs. 39.25 respectively. The current market cap of the company is Rs. 3766.77 crore.

The promoters holding in the company stood at 73.18%, while Institutions and Non-Institutions held 3.38% and 23.44% respectively.

Ircon International has taken breakthrough blast in Udhampur-Srinagar-Baramula Rail Link (USBRL). On March 3, 2022, the company has taken breakthrough blast in Tunnel No. 77D, which is 2.65 KM long and is located at Village Bankoot in Ramban District. Earlier, excavation of Main Tunnel of longest tunnel T49 of 12.76 Km in USBRL Project was completed on February 15, 2022. It has also completed excavation of about 11 Km in Main Tunnel of T15, on January 18, 2022.

Execution of Tunnel T77D was very challenging, due to low overburden, extremely poor geology conditions and social challenges as this tunnel crosses the residential area. With the completion of Tunnel T77D, the 15 Km Block section from Banihal to Arpinchala is through for further works.

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
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