State-owned engineering and infrastructure company, IRCON International Ltd., has announced a fresh order worth ₹187.08 crore (excluding GST) from Kerala State IT Infrastructure Ltd. (KSITIL).
The project involves the construction of a dedicated rural industrial park in Thiruvananthapuram district and is scheduled for completion in 30 months. Structured as an item-rate works contract, the project focuses on civil and infrastructure development to support rural industrialisation in the state.
In a regulatory filing, IRCON stated, “Kerala State IT Infrastructure Ltd. has issued a Work Order to Ircon International Limited for the construction of a dedicated Rural Industrial Park in Thiruvananthapuram district.” The initiative aligns with government efforts to boost economic development in less urbanised regions through industrial infrastructure.
IRCON International Ltd traded marginally higher at ₹158.77, up ₹0.07 or 0.04% on May 6, 2025, adding to the 3.69% gain recorded in the previous session.
Following the announcement, IRCON shares surged for the third consecutive trading day, reflecting growing investor confidence in the company’s order book strength. On May 5, the stock rose by ₹5.65, or 3.69%, to close at ₹158.65 on the BSE.
This latest win follows closely on the heels of another significant order. Last week, IRCON received a letter of acceptance from North Eastern Electric Power Corporation Limited (NEEPCO) for a ₹458.14 crore civil works contract for the Tato-I Hydro Electric Project in Arunachal Pradesh.
The Arunachal project, under Package I, includes major civil components such as the construction of headworks, intake systems, head race channel and tunnel, surge shaft, powerhouse, and associated infrastructure. It is also structured on an item-rate basis and is scheduled for completion over 45 months.
Read More: IRCON Share Price Gains Over 3% After Winning Major Hydro Project Contract.
IRCON’s back-to-back project wins in Kerala and Arunachal Pradesh are strong indicators of the company’s robust project pipeline and technical capabilities in executing complex infrastructure initiatives.
With a growing order book and rising stock performance, IRCON appears well-positioned for sustained growth in India’s infrastructure and construction space.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: May 6, 2025, 10:14 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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