STOCKWATCH

IRCON International Ltd Secures INR 755 Crores Contract with RVNL

IRCON International Ltd has been awarded a Letter of Award from RVNL for the construction of a new BG railway line between Pipaliya Nankar and Budni stations in Indore-Budni section of Bhopal Division West Central Railway in Madhya Pradesh State, India. The contract, valued at INR 755,78,21,993.63 (IRCON Share - INR 529,04,75,395.53), includes the construction of roadbed, minor bridges, buildings, installation of track, and other civil engineering and general electrical works. The contract period is 36 months with an additional 6 months for the defect liability period (DLP). The IRCON-JPWIPL JV secured this project with a 70% share for IRCON and a 30% share for JPWIPL.

• Contract value: INR 755,78,21,993.63
• IRCON share: INR 529,04,75,395.53
• Project duration: 36 months + 6 months DLP
• Joint venture with JPWIPL (IRCON share ratio: 70%, JPWIPL share ratio: 30%)
• Construction of new BG railway line between Pipaliya Nankar and Budni stations