Deals8 Feb 2025, 10:13 pm
IRCON International Ltd Secures LOA from Central Railway for Kavach Tower Installation Worth INR 194.46 Crores
AI Summary
IRCON International Ltd has been awarded a Letter of Acceptance (LOA) by Central Railway for the survey, design, supply, installation, testing, and commissioning of 665 towers for Kavach and other associated works over Central Railway. The contract is worth INR 194,45,60,830.27 (Rupees One Hundred And Ninety-Four Crore Forty-Five Lakh Sixty Thousand Eight Hundred And Thirty Rupees And Twenty-Seven Paise Only) and is to be executed within 14 months from the date of issue of the LOA.
Key Highlights
- IRCON International Ltd has been awarded a LOA by Central Railway for Kavach tower installation and other associated works.
- The contract is worth INR 194.46 Crores (Rupees One Hundred And Ninety-Four Crore Forty-Five Lakh Sixty Thousand Eight Hundred And Thirty Rupees And Twenty-Seven Paise Only).
- The project involves the installation of 665 towers for Kavach and other related works.
- The contract period is 14 months from the date of issue of the LOA.
- The LOA has been awarded pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.