India’s railway infrastructure sector, has been awarded a significant contract valued at approximately Rs 1068 crore by the East Central Railway.
The project entails the construction of a new Broad Gauge (BG) Rail Bridge across the River Ganga, aimed at enhancing connectivity and facilitating smoother transportation in the region. The contract follows the Engineering, Procurement, and Construction (EPC) model and encompasses the development of a double-line track substructure and a single-line track superstructure utilizing open web steel girders. The project is slated for completion within a period of 1,460 days, underscoring Ircon’s commitment to timely and efficient project delivery.
With this new addition, Ircon’s order book now stands at an impressive Rs 26,000 crore, with 91% of the orders originating from domestic clients. The company’s robust order book reflects its strong position in the infrastructure development sector and its ability to secure large-scale projects. In the fiscal year 2024, Ircon reported a revenue of Rs 12,871 crore, marking a 20% increase compared to the previous year. The operating profit reached Rs 1,510 crore, up by 35% year-on-year, while the net profit stood at Rs 930 crore, reflecting a 22% increase. These figures highlight Ircon’s consistent growth trajectory and operational efficiency.
Ircon’s strong financial performance has been mirrored in its stock market performance. Over the past three years, the company’s stock has delivered a return of 376.4%, positioning it as a multibagger in the Indian stock market. As of May 30, 2025, Ircon’s stock is trading at Rs 190.8, compared to its 52-week high of Rs 336.85 and low of Rs 138.25. Beyond its core railway projects, Ircon is actively expanding into other infrastructure sectors, including solar and hydropower projects. This diversification strategy aims to reduce dependency on the railway sector and tap into emerging opportunities in the renewable energy space.
Looking ahead, Ircon anticipates order inflows ranging between Rs 10,000 to Rs 12,000 crore in the fiscal year 2025, reinforcing its role as a key player in India’s infrastructure development landscape.
Also Read: London Gateway Expansion to Boost UK Trade Resilience
