Ircon International Secures ₹750.82 Cr Project from RVNL

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Synopsis:

Ircon International, in a joint venture, wins a ₹750.82 crore project. RVNL signs MoU with DMRC, secures ₹132.59 crore order from Central Railways. Project timelines are 42 months and 2 years, respectively.

IRCON International, RVNL News Today

Ircon International (Indian Railway Construction International Ltd) announced on July 4 that it received a Letter of Acceptance (LOA) from Rail Vikas Nigam Ltd (RVNL) for a significant order.

The project will be executed through a joint venture consisting of Ircon International, Paras Railtech Private, and PCM Strescon Overseas Ventures.

The project ratio distribution for the joint venture is 60% for Ircon, 25% for Paras Railtech, and 15% for PCM Strescon.

Explore: IRCON INTERNATIONAL LTD

Project Scope and Value

The LOA covers the design, supply, installation, testing, and commissioning of broad gauge ballastless track (BLT). It also includes the supply of ballast and installation of track, excluding the supply of rails and track sleepers.

This work spans from chainage 6+015 to 125+200 in connection with the new BG line between Rishikesh and Karanprayag in Uttarakhand, India. The total value of this order is approximately ₹750.82 crore. The project is expected to be completed within 42 months.

Additional Read: Ircon Bags ₹1,198 Cr Project from East Coast Railway

RVNL Signs MoU with DMRC

In another significant development, RVNL has signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation Ltd (DMRC).

This MoU signifies their collaboration on upcoming projects both within India and internationally, aiming to leverage each other’s expertise and resources for enhanced project execution.

Additional Order from Central Railways

Earlier on July 2, RVNL announced another achievement. It was declared the lowest bidder for an order from Central Railways.

This order involves the modification of overhead equipment (OHE) to upgrade the existing 1 x 25-kilovolt electric traction system to a 2 x 25-kilovolt AT feeding system. This upgrade is for the Wardha-Ballarshah section of the Nagpur division of Central Railway.

The goal is to meet a loading target of 3,000 MT. The total cost of this order is ₹132.59 crore, with an expected completion time of two years.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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