Ircon International Limited — New Orders, 28-03-2025: Bagging/Receiving of orders/contracts

Ircon International Limited, through its joint venture IRCON-SSNR JV (70% IRCON, 30% SSNR), has received a Letter of Award from Rail Vikas Nigam Limited for constructing two tunnels as part of a new electrified railway line in Madhya Pradesh. The project, valued at approximately ₹872.69 crore (IRCON's share is ₹610.89 crore), is expected to be completed within 40 months, plus a 6-month defects liability period. This significant contract bolsters IRCON's position in infrastructure development, presenting a positive outlook for future revenue growth and investor confidence.