New Delhi: IRCON International Ltd signed an MoU with Ministry of Railways on May 30 at Rail Bhawan. SK Chaudhary, CMD, IRCON signed the MoU on behalf of IRCON, whereas Sushant Kumar Mishra, Secretary, Railway Board, signed it on behalf of the Ministry of Railways. The MoU sets out the targets for IRCON for financial year 2019-20.
Ircon International Limited (IRCON) is an engineering and construction organisation, specialized in transport infrastructure. The PSU was established in 1976, by the government under the Indian Companies Act 1956. IRCON was registered as the Indian Railway Construction International Ltd., a wholly (100%) owned entity of the Ministry of Railways. Its primary charter was the construction of railway projects in India and abroad. IRCON has since diversified into other transport and infrastructure segments and with its expanded scope of operations around the world, the name was changed to Indian Railway International Ltd. in October 1995.
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