Ircon International Bags New Secretariat Complex Contract From Govt Of Meghalaya

Ircon International Limited has been awarded a significant contract by the Directorate of Urban Affairs, Government of Meghalaya. The project involves the construction of a New Secretariat Complex along with Campus Infrastructure in New Shillong City. It will be executed under the Engineering, Procurement and Construction model and is expected to be completed within 36 months.  

Project Partners & Collaboration

The contract has been secured by a joint venture between Badri Rai and Company and Ircon. In this partnership, Badri Rai and Company holds a 74% stake, while Ircon holds a 26% stake. The JV will oversee the entire execution of the project, ensuring smooth progress from the planning stage to completion.  

Financial Details of the Contract

The total contract value stands at ₹1,096.17 crore (including GST). Out of this, Ircon’s share amounts to ₹285 crores, aligning with its 26% stake in the project. This investment highlights Ircon’s role in major infrastructure projects in the country.  

Project Scope & Execution

The project includes the design, procurement and construction of the entire Secretariat Complex and supporting infrastructure. Given the scale and importance of the project, it will require advanced engineering solutions and efficient project management to be completed within the stipulated three-year timeframe.

Share performance 

As of March 18, 2025, at 1:10 PM, the shares of Ircon International Ltd are trading at ₹144.09 per share, reflecting a surge of 4.28% from the previous day’s closing price. Over the past month, the stock has registered a loss of 4.64%. The stock’s 52-week high stands at ₹351.60 per share, while its low is ₹134.24 per share.

Conclusion

This contract highlights Ircon’s role in major infrastructure projects and strengthens its presence in the construction sector. The joint venture with Badri Rai and Company ensures efficient execution, contributing to the development of Meghalaya’s administrative framework.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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