IRCON Secures Major Contracts for Railway Safety and Infrastructure Development

Ircon International Limited (IRCON) has received two significant contracts, reinforcing its position in India’s infrastructure sector. The company has been awarded a project by Central Railway for installing Kavach, an advanced railway safety system, and another contract for infrastructure development in Manipur. These projects highlight IRCON’s expertise in executing large-scale infrastructure initiatives.

IRCON to Implement Kavach Railway Safety System

IRCON has secured a Letter of Acceptance (LOA) from Central Railway for the installation of 665 towers as part of the Kavach railway safety system. This project involves surveying, designing, supplying, installing, testing, and commissioning the system, which aims to prevent train collisions. The contract, valued at approximately ₹194.46 crore, is set to be completed within 14 months from the LOA issuance date.

Infrastructure Development Project in Manipur

On 7 February, IRCON was awarded an EPC contract worth ₹531.9 crore for infrastructure development in Manipur. The project, granted by the Office of the Project Director, Externally Aided Projects (EAP), Public Works Department (PWD), focuses on constructing rigid pavement and lined drains across selected roads in the Imphal South Division. Covering a total length of 111.182 km, the project will be executed in collaboration with AMRIL, which holds a 74% share in the joint venture. IRCON’s contribution amounts to ₹138.29 crore, representing 26% of the total contract value. The construction work is scheduled for completion within 36 months.

IRCON Share Performance

As of February 10, 2025, at 1:50 PM, the shares of IRCON International are trading at ₹187.06 per share down by 1.13% from its previous closing price. The stock has declined by 2.72% over the past month.

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