IRCON completes Rs 750 crore Kharsia-Dharamjaigarh project in Chhattisgarh

• IRCON has opened the 30 KM section between Korichhapar-Dharamjaigarh within the targeted date of December 12, 2020

• IRCON has concluded Rs 750 crore Kharsia-Dharamjaigarh project by completing this 30 Km section 

New Delhi: Ircon International Ltd, has successfully opened the 30 KM section between Korichhapar to Dharamjaigarh within the targeted date of December 12, 2020. A Trial run was carried out on December 31, 2020. Commencement of this section will help in evacuation of coal from the north Chhattisgarh area. IRCON has concluded Rs 750 crore Kharsia-Dharamjaigarh project by completing this 30 Km section.

The approximate cost of this line is Rs 325 crores. The work has been executed by Ircon International under an SPV named Chhattisgarh East Railway Limited. SECL, IRCON and Chhattisgarh Government are shareholders for the Chhattisgarh East Railway Limited. "Ircon International Ltd, achieved yet another milestone by opening the 30 KM section between Korichhapar to Dharamjaigarh within the targeted date i.e., 31.12.2020. A trial run was carried on 31st December 2020," the company said in a statement.

A section of 44Km length between Kharsia to Korichhapar is already made operational by IRCON in October 2019. Now, with the completion of Korichhapar-Dharamjaigarh, the complete section of 74Km between Kharsia-Dharamjaigarh is functional.

This 74Km is the first stretch being commissioned under the PPP model.

ALSO READ: GAIL's Board of Directors approve share buyback worth Rs 1,046.35 crore, interim dividend

Following this development, the Goods train can reach up to Durgapur, Baroud and Chhaal mines of SECL, consequently enhancing the earning of SECR and SECL.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)