New Delhi, March 18 -- Shares of IRCON International, a Navratna public sector enterprise and a prominent turnkey construction company under the Ministry of Railways, surged 9% in early morning trading today, March 18, reaching Rs.150.40 per share. This rise followed the company securing a significant Engineering, Procurement, and Construction (EPC) order.

In an exchange filing on Monday, the company informed investors that it had received an EPC contract in a joint venture (JV) worth Rs.1,096 crore from the government of Meghalaya for the construction of a new secretariat complex, including campus infrastructure, on an EPC basis in new Shillong city, Meghalaya.

"IRCON has been awarded an EPC contract floated by the Directorate of Urban...