India's Ircon International rises after JV wins contract

Ircon International

31/01/2025 07:29

** Shares of Ircon International Ltd  IRCN.NS  rise as much
as 9.4% to 221.77 rupees 
    ** Engineering co secures contract in a JV with AMR India
for pavements and drainage system road work in Manipur
    ** Total contract value of 6.31 bln rupees ($72.8 mln), and
co's share of 1.64 bln rupees
    ** Stock on track to rise for a third straight day 
    ** More than 17.1 mln shares traded as of 12:51 p.m. IST,
2.2x their 30-day moving avg
    ** IRCN last up 7.1%; gained 25.4% in 2024


($1 = 86.6225 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))