06 Apr , 2021 By : Kanchan Joshi
IRCON International has announced that its board of Directors at its meeting held on Monday have approved and recommended the issuance of fully paid up Bonus Shares in the ratio of 1: 1 (i.e. 1 (one) fully paid up equity share for every 1 (one) fully paid up equity share held.
The record date will be announced in due course, the company said in an exchange filing.
The company said that the bonus equity shares will be issued out of free out of reserves of the company available as on 31 March, 2020.
Mini-ratna public sector enterprise Ircon International had reported a 35% jump in its profit after tax to Rs103 crore in the December quarter. 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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