IVRCL shares surged on Tuesday after the company announced that the irrigation and water division has bagged orders worth Rs 26.32 billion.

In irrigation division, the company has bagged order worth Rs 24.92 billion. While in water division, it has secured order worth Rs 1.40 billion.

Shares of the company  are trading at Rs 11.15, up Rs 0.88, or 8.57% at the Bombay Stock Exchange (BSE) on Tuesday at 1:11 p.m.

The scrip has touched an intra-day high of Rs 11.30 and low of Rs 10.20. The total volume of shares traded at the BSE is 1,445,027.

In the earlier session, the shares declined 3.66%, or Rs 0.39, at Rs 10.27.

Currently, the stock is trading down 57.92% from its 52-week high of Rs 26.50 and above 13.78% over the 52-week low of Rs 9.80.