New Delhi: IRCON International Limited has been awarded a Letter of Award (LoA) by Rail Vikas Nigam Limited (RVNL) for a major railway infrastructure project in Madhya Pradesh. The project, secured in joint venture with JPWIPL (IRCON – 70% and JPWIPL – 30%), is valued at Rs 755.78 crore, inclusive of GST. IRCON’s share in the contract amounts to approximately Rs 529.05 crore.
The project involves the construction of roadbed, minor bridges, buildings, general electrical works, and installation of track (excluding supply of rails, sleepers, and thick web switches) for the new broad gauge (BG) railway line between Pipaliya Nankar (Excl.) and Budni (Incl.) stations in the Indore-Budni section of the Bhopal Division, West Central Railway.
The project is to be executed over a period of 36 months, with an additional six-month defect liability period (DLP). It is being executed under a domestic, item rate contract model.
The Letter of Award was issued by the Chief Project Manager of RVNL, Bhopal. The contract adds to IRCON’s robust project portfolio in the rail infrastructure sector and highlights its continued leadership in executing large-scale railway development works across India.
IRCON confirmed that neither the promoter/promoter group nor group companies have any interest in the awarding entity, and the transaction does not qualify as a related party transaction.
This latest win underscores IRCON’s growing presence in critical infrastructure development and its strategic focus on expanding its footprint through joint ventures in high-value projects.
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