Ircon International bags EPC work order worth ₹862 crore from East Central Railway; shares fall 41% YTD

According to a regulatory filing, the company received a letter of award (LoA) for EPC works, including supply of “ballast & P.Way materials including laying and linking of track works and other miscellaneous works for 32.5 T axle load in Gomoh-Koderma section (Rly km 300.15 to 393.68, DHN Division) and Gaya-Son Nagar section (Rly km 475.200 to 542.075, DDU Division) of East Central Railway.”

The order also focuses on the supply of various P.Way materials at Gaya under Dy. CE/Con/Gaya, in connection with the construction of the 3rd and 4th lines of the Son Nagar-Andal Project.

The EPC contract is expected to be executed over a period of 365 days or one year, the filing read.

Recent update

In a separate regulatory filing dated October 9, the company informed the exchanges that it was awarded a work order by the Konkan Railway Corporation Ltd for ₹96.25 crore.

It received the order for the comprehensive annual Maintenance of the integrated tunnel communication system covering the IP-based video surveillance system, public address system, emergency communication system, and networking backbone system installed in the Katra-Banihal section (at tunnels, bridges, and stations) of Northern Railway, for a period of five years.

Ircon International Q1 results

The company reported a 43.6% year-on-year (YoY) decline in its consolidated net profit to ₹93 crore in the first quarter of the 2026-27 financial year (Q1 FY27), compared with the year-ago period.

Its consolidated revenue from operations rose 9.5% YoY to ₹1,956 crore, it said.

Ircon International share performance

The stock of Ircon International closed 0.16% higher at ₹104.73 per equity share on the National Stock Exchange (NSE) on Monday, October 13. However, the order win was announced after the market closed.

The scrip has fallen 2% in the past week and more than 7% over the month. On a year-to-date (YTD) basis, it has dropped 41%.

While the shares hit a 52-week low of ₹186.44 per unit on December 26, 2025, they touched a year’s low of ₹101.60 apiece on September 29, 2026.

Ircon International has a total market capitalisation of ₹9,850.02 crore as of October 12, 2026, according to data on the NSE.