Deals28 Mar 2025, 08:39 pm
IRCON International Ltd Secures Rs. 872 Crores Contract Through Joint Venture
AI Summary
IRCON International Ltd, in collaboration with M/s SSNR Projects Private Limited through their joint venture (IRCON-SSNR JV), has been awarded a Letter of Award (LOA) by Rail Vikas Nigam Limited. The project involves the construction of tunnels and ballast less track formation for the electrified new BG railway line between Mangliyagaon (Indore) to Budni stations in Madhya Pradesh, India. The contract is worth Rs. 872,69,34,516.97, with IRCON's share amounting to Rs. 610,88,54,161.88. The project is expected to be completed in 40 months plus 6 months of defect liability period (DLP).
Key Highlights
- IRCON International Ltd secures a contract worth Rs. 872 crores through its joint venture with M/s SSNR Projects Private Limited.
- The project involves the construction of tunnels and ballast less track formation for the new railway line between Mangliyagaon (Indore) to Budni stations.
- The contract is expected to be completed in 40 months plus 6 months of DLP.
- IRCON's share in the contract is worth Rs. 610 crores.
- The project is located in Madhya Pradesh, India.