IRCON: Debt free Railways sector name

 

  • IRCON: Debt free Railways sector name
  • IRCON’s order book, as on March 31, 2024, stood at ` 27208 Crore with 21158 Crore value of work in Railways sector and ` 5964 Crore value of work in Highway sector.
  • This substantial order book ensures revenue visibility for the next 2-3 years, demonstrating strong business stability
  • As of March 31, 2024, IRCON holds a cash and bank balance of ` 4,429 crore, with approximately 18% being its own cash. This amount represents nearly 31% of the company’s total assets, a rarity in the infrastructure sector   
  • During FY2023-24, around 83.83% of the revenue earned by IRCON is contributed by the Railway sector. 
  • The main focus business area for IRCON is Railways, however, the Company is also concentrating on Highways business, which generates approximately 15.80% revenue and remaining from other areas such as electrical and building works  

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