New Delhi: Public sector infrastructure company Ircon International Limited (IRCON) has received a work order worth approximately Rs 187.08 crore (excluding GST) from Kerala State IT Infrastructure Ltd. (KSITIL) for the construction of a Dedicated Rural Industrial Park in Thiruvananthapuram district.
The project, which falls under a works contract on an item rate basis, is expected to be completed within 30 months. This order is part of Kerala’s broader efforts to bolster industrial infrastructure in rural areas to drive regional economic growth and attract investments in the MSME sector.
The company disclosed the development in a regulatory filing with stock exchanges on Monday.
Further, Ircon has also confirmed that the order was awarded by a domestic entity and clarified that there is no related-party interest involved in the transaction.
Ircon International Limited, a PSU under the Ministry of Railways, is a specialized infrastructure construction company known for executing significant railways, highways, and civil infrastructure projects across India and overseas.
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