IRCON has secured a substantial contract worth approximately Rs 1068 crore from the East Central Railway. This project involves the construction of a new Broad Gauge (BG) Rail Bridge over the River Ganga, which is intended to improve connectivity and enable smoother transportation in the area.
The contract is based on the Engineering, Procurement, and Construction (EPC) model and includes the development of a double-line track substructure and a single-line track superstructure using open web steel girders.
The project is expected to be completed within 1,460 days, highlighting Ircon’s dedication to timely and efficient project execution. With this new contract, Ircon’s order book has reached an impressive Rs 26,000 crore, with 91% of the orders coming from domestic clients. The company’s strong order book demonstrates its solid position in the infrastructure development sector and its capability to secure large-scale projects. In the fiscal year 2024, Ircon reported a revenue of Rs 12,871 crore, reflecting a 20% increase from the previous year.
The operating profit amounted to Rs 1,510 crore, representing a 35% year-on-year increase, while the net profit was recorded at Rs 930 crore, indicating a 22% rise. These results underscore Ircon’s consistent growth trajectory and operational efficiency. Ircon’s robust financial performance has also been evident in its stock market results. Over the last three years, the company’s stock has yielded a return of 376.4%, establishing it as a multibagger in the Indian stock market. As of May 30, 2025, Ircon’s stock is trading at Rs 190.8, in contrast to its 52-week high of Rs 336.85 and low of Rs 138.25.
In addition to its primary railway projects, Ircon is actively diversifying into other infrastructure sectors, such as solar and hydropower projects. This diversification strategy is designed to lessen reliance on the railway sector and capitalize on emerging opportunities in the renewable energy market.
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.
