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Ircon International shares rose by 4% after the company announced a strategic MoU with Patel Engineering to collaborate on infrastructure projects in India and abroad. This partnership aims to enhance growth opportunities while Ircon reports a strong net profit increase despite a drop in revenue. Explore the details and implications of this significant development in our latest analysis.
Ircon International, a leading player in India's railway construction, has secured a major win! In collaboration with a joint venture, they've bagged a significant order worth Rs 750 crore for a critical railway project in Uttarakhand. This project not only strengthens Ircon's position in the sector but also bolsters India's infrastructure development, particularly in remote areas. Read further for a closer look at this exciting development.