IRCON

Railway construction company IRCON share price surged as much as 3.24 per cent to ₹157.95 apiece in Monday's trading session after the company secured a letter of acceptance from North Eastern Electric Power Corporation Limited (NEEPCO) for a civil works contract worth ₹458.14 crore for the Tato-I Hydro Electric project in Arunachal Pradesh. “This is to inform that North Eastern Electric Power Corporation Limited has awarded the work to Ircon International Limited for “Package-I: construction of Civil Works on Item Rate for Tato-I Hydro Electric Project, Arunachal Pradesh, comprising of Headworks & allied works, Head Race Channel, Head race Pipe, Intake, Headrace tunnel, Surge shaft, Pressure shaft, Valve house, Power house & allied works and Infrastructure works,” the company said in an exchange filing dated May 2.