Ircon International

The reconstruction work of a century-old railway track in northern Sri Lanka, which will be completed under India's assistance, was officially inaugurated here on Monday, a move aimed at enhancing mobility of goods and services and boosting economic activity in the cash-strapped island nation. The 43-km long reconstructed railway track between Medawachchiya and Madhu Road represents the first phase of the project to reconstruct the Northern Railway Line, covering 252 km. IRCON International, an Indian company that has contributed to several railway reconstruction projects in Sri Lanka, is headlining this project. Additionally, ancillary works from Maho to Omanthai 128 km is also being undertaken by IRCON, under an existing line of credit (LoC) of USD 318 million, at a cost of USD 91.27 million. As a long-standing development partner of Sri Lanka, the Government of India executed several projects in Sri Lanka under its concessional loans and grant schemes. Of the different sectors o

Ircon International Ltd on Friday reported a 38.3 per cent rise in its consolidated net profit at Rs 174.18 crore for the quarter ended September 30, 2022. The company had posted a consolidated net profit of Rs 125.94 crore in the year-ago period, Ircon International said in a filing to BSE. The consolidated income of the company during the second quarter increased to Rs 2,305.87 crore from Rs 1,582.67 crore in the year-ago period. Ircon International is a government of India undertaking under the Ministry of Railways.

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The consolidated income of the company in the period under review increased to Rs 3,010.71 crore over Rs 2,513.42 crore in the preceding year.

The state-owned firm on Friday posted about 50 per cent rise in its consolidated net profit

State-owned engineering and construction firm Ircon International Ltd on Thursday posted an over 2-fold jump in consolidated net profit to Rs 88.99 crore for the June quarter, helped by higher income

Ircon International board approved the issue of bonus shares in the ratio of 1:1

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Through the share sale, the government seeks to mop up Rs 675 crore. Shares of Ircon closed at Rs 91.25 on Thursday.

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"Ircon International Limited has secured works of total 9 Road Over Bridges (ROBs) valuing more than Rs 400 crore from Ministry of Railways, Government of India," the company said in a filing

State-owned engineering and construction firm Ircon International Ltd on Tuesday reported a consolidated net profit of Rs 34.46 crore for the quarter ended June. It had clocked a consolidated net profit of Rs 144.66 crore in the corresponding period a year ago, it said in a regulatory filing. As per the filing, the results for the quarter are "not comparable with those of the previous quarters" as the company's revenue from operations for the quarter has reduced substantially due to nationwide lockdown imposed to contain the spread of COVID-19". Ircon's total income in the latest June quarter was at Rs 549.29 crore as against Rs 1,127.98 crore in the year-ago period. "The Company/Group is actively monitoring the impact of the COVID-19 pandemic on its financial condition, liquidity, operations, work force etc," it said, adding that revenue from operations for the quarter reduced substantially due to nationwide lockdown imposed to contain the spread of COVID-19. According to the ...

Earnings per share increased to Rs 13.02 in Q4 FY20 as compared to Rs 10.16 in Q4 FY19, it said in a statement late on Friday after the closing of market hours

Analysts believe the resumption of passenger train services is like a sentimental boost from the government and can give a short-term bounce to the stocks, an extension of lockdown may dent sentiment

The company's consolidated earnings before interest, tax, depreciation, and amortisation (Ebitda) margin improved to 12.7 per cent in Q3FY20