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Ircon board to meet to consider bonus shares

30 Mar , 2021   By : Kanchan Joshi


Ircon board to meet to consider bonus shares

Railway PSU company Ircon International today in a communication to exchanges informed that its board of directors will meet on Monday, 5th April, 2021, to consider the proposal for issuance of bonus shares.


Ircon also said that intimation of Board Meeting for consideration of the Financial Results for the quarterly ending 31 March, 2021 will be informed separately.


Mini-ratna public sector enterprise Ircon International had reported a 35% jump in its profit after tax to Rs103 crore in the December quarter. Revenue from operations increased to Rs1,244 crore in Q3 FY21 from rs966 crore in Q2 FY21, marking an increase of 29 per cent.


As of December 31, 2020, the company's total order book stood at Rs32,814 crore - Rs30,709 crore for railway projects and Rs2,105 crore for highway projects.


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