Shares of Ircon International Limited saw an impressive gain, climbing by 3.5% after the company announced a significant win by its joint venture, which secured an order worth Rs 1,198 crore.

The joint venture between Ircon International and Dinesh Chandra R Agrawal Infracon Pvt. Ltd. has been awarded a contract for constructing the Noida International Airport Metro Extension from Noida Electronic City to Bodaki.

This pivotal infrastructure project, which will extend over 14.958 kilometres, includes both elevated and at-grade sections.

It is a major step towards enhancing connectivity in the region, supporting both the economic growth and the ease of transport for the residents and businesses in Noida and surrounding areas.

The successful acquisition of the order highlights Ircon International's strategic partnerships and operational capabilities, which are crucial for executing large-scale infrastructure projects.

This development not only reinforces the company's position in the construction and engineering sector but also adds a valuable asset to its portfolio, promising potential future revenues and growth.

Investor confidence in Ircon International has been boosted by this development, as reflected in the rise of the company's stock price following the announcement.

The project win not only secures future earnings but also solidifies Ircon's reputation as a reliable and efficient constructor in the competitive infrastructure development market.