IRCON zooms after JV’s big order win—See details

IRCON Share Price Today: IRCON International shares—traded with the symbol IRCON on stock exchanges BSE and NSE—surged on Tuesday after the Navratna PSU said its joint venture, BRC-IRCON JV, had secured an engineering, procurement and construction (EPC) deal worth Rs 1,096 crore from the Meghalaya government. BRC-IRCON JV is a 74:26 joint venture (JV) between Badri Rai and Company (BRC) and IRCON International.

IRCON Share Price News: Navratna CPSE Stock Zooms Nearly 9% After Order Book Update

IRCON International shares zoomed by as much as Rs 12.2, or 8.8 per cent, to Rs 150.5 apiece on BSE during Tuesday’s session, trading in strong volumes.

At 2:30 pm, the IRCON International stock was holding on firmly to the green, up by Rs 7.8, or 5.6 per cent, for the day at Rs 146 apiece.

As many as 20.5 lakh IRCON shares changed hands for the day so far, as against a daily average of 3.3 lakh recorded in the past two weeks, according to provisional exchange data.

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IRCON International JV Order Details

Here are five key things to know about the order, according to the filing:

• The order, secured by the joint venture, is worth Rs 1,096.2 crore, including Goods and Services Tax (GST).
• IRCON’s share in the deal amounts to Rs 285 crore.
• The project involves the construction of a new secretariat complex, including campus infrastructure, on an EPC basis in New Shillong City in Meghalaya.
• The project is awared by the Directorate of Urban Affairs under the Government of Meghalaya.
• It is to be completed within 36 months.

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IRCON International News

NSE and BSE have levied a fine of Rs 8.07 lakh each (including GST) on IRCON over non-compliance with certain norms related to the composition of its board and committees for the quarter ended December 31, according to a regulatory filing by the PSU during the market hours on Tuesday. 

IRCON said that the “President of India vests with the power to appoint Directors (including Independent Directors) on the Board of the Company. All Directors in IRCON are appointed by the Government of India through its Administrative Ministry i.e., Ministry of Railways and IRCON has no role to play in the appointment of any Director unless nominated by the Government of India.”

“Requests have already been made from time to time to the Ministry of Railways (MoR) for the appointment of requisite number of Directors including Independent Directors on the Board of the Company,” it added. 

IRCON also said that the fine has no impact on its financial, operation or other activities. 

IRCON International Shares

At the current juncture, IRCON shares have lost 33 per cent of their value so far in 2025, underperforming a 4.0 per cent slide in the headline Nifty 50 index.

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