IRCON Share Price in Focus: Bags ₹360 Crore Contract from Petronet LNG for Dahej Plant

IRCON International Ltd, a leading PSU in infrastructure and engineering, has received a major contract worth ₹360.28 crore (excluding 18% GST) from Petronet LNG Ltd.l The project will involve civil, structural, and underground works, including piling activities, for the upcoming PDH-PP plant with ethane and propane storage and handling facilities at Dahej, Gujarat.

Contract Scope and Execution Timeline

The project, awarded through a Letter of Award (LOA) dated October 17, 2025, will be executed over a period of 18 months. The work covers the development of key civil and foundation structures integral to Petronet LNG’s petrochemical expansion plans.

IRCON confirmed that this order was awarded by a domestic entity and clarified that no promoter or related party has any stake in the contract. The scope is fully aligned with the company’s expertise in industrial and energy infrastructure projects.

Strengthening Position in Energy Infrastructure

This win reinforces IRCON’s position as a trusted engineering partner for critical infrastructure developments in India’s energy and petrochemical sector. The project at Dahej is part of Petronet LNG’s broader diversification strategy into downstream petrochemical manufacturing, with IRCON playing a pivotal role in ensuring timely and high-quality project delivery.

Read More: Ircon International JV Arm Commissions 100 MW Additional Capacity!

IRCON International Share Price Performance 

As of October 20, 2025, at 9:22 AM, IRCON International share price is trading at ₹170.06 per share, reflecting a surge of 0.61% from the previous day's closing price.

Conclusion

The ₹360 crore project underscores IRCON’s growing role in industrial infrastructure and strengthens its order book, reflecting continued trust from major energy sector clients like Petronet LNG.

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