Award23 Jun 2026, 02:50 pm
IRCON JV Secures ₹763 Cr Smart Grid Contract from TSECL
AI Summary
IRCON International Ltd, in a joint venture with M/s Badri Rai & Company (74% share), has received a Letter of Award (LOA) from Tripura State Electricity Corporation Limited (TSECL) for a works contract valued at ₹763.10 crore (including GST). The project involves the design, supply, erection, testing, and commissioning of an underground power cable network, smart grid applications, SCADA, ADMS, OMS, GIS mapping, OFC communication system, and establishment of a smart grid control centre in Agartala Municipality Area, Tripura. The contract is to be executed within 24 months. IRCON holds a 26% share in the JV, amounting to ₹198.41 crore.
Key Highlights
- IRCON JV awarded ₹763.10 Cr smart grid project by TSECL.
- Project includes underground cables, SCADA, ADMS, and control centre.
- Execution timeline for the contract is 24 months.
- IRCON's share in the JV is 26%, valued at ₹198.41 Cr.
- The contract is with a domestic entity, TSECL.
Price Impact
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