India's Ircon International jumps as government grants it more autonomy

Ircon International

13/10/2023 05:56

** Shares of Ircon International  IRCN.NS  rise as much as
5.78% to a one-month high of 143.75 rupees 
    ** Rise after the state-owned engineering and construction
firm was granted the "Navratna" status by the government
    ** "Navratna" status is allotted to top-performing public
sector companies and brings increased financial powers and
autonomy to the companies
    ** IRCN is the 15th "Navratna" among state-owned companies
    ** Including session's gains, IRCN's shares up 137% in 2023
so far compared with 12.5% rise Nifty 500 index  .NIFTY500  of
which it is a constituent

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))