For the July-September quarter, Ircon reported a standalone net profit of Rs 202.22 crore, down 12.2% year-on-year (YoY). Revenue from operations also saw a steep fall, dropping 20.3% YoY to Rs 2,298.86 crore.

Earlier this week, on November 6, RVNL secured a new contract valued at over Rs 180 crore from East Central Railway, signaling continued project activity despite the current challenges.

SAIL reports 31% drop in net profit and 17% decrease in revenue for Q2 FY22.