Ircon International is currently trading at Rs. 89.65, up by 2.60 points or 2.99% from its previous closing of Rs. 87.05 on the BSE.
The scrip opened at Rs. 91.00 and has touched a high and low of Rs. 91.00 and Rs. 87.30 respectively. So far 52062 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. 91.00 and Rs. 83.15 respectively. The current market cap of the company is Rs. 4208.81 crore.
The promoters holding in the company stood at 89.18%, while Institutions and Non-Institutions held 3.08% and 7.73% respectively.
Ircon International (IRCON) has signed a Memorandum of Understanding (MoU) with National Investment and Infrastructure Fund (NIIFL) and Ayana Renewable Power (AYANA), a NIIF platform company to explore and collaborate on opportunities in the solar energy sector.
According to the MoU, NIIFL and IRCON will evaluate strategic partnerships across infrastructure projects and have agreed in principle to identify, bid and execute solar energy projects through joint ventures/consortium arrangements. The partnership will further consider suitable opportunities for solar energy production for Indian Railways as they intend to increase the share of renewables in their overall energy mix. This collaboration will enable execution of renewable energy projects at scale by utilizing the complementary strengths of all partners.
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.
