IRCON bags railway project worth Rs 1,200 crore in joint venture
Ircon International Ltd (IRCON) under its joint venture with Dineshchandra R Agrawal Infracon Pvt Ltd (DRA) i.E. Ircon-DRA JV has been awarded the LoA for the construction of Kottavalasa-Koraput Doubling Project from Shivalingapuram Station to Borraguhalu Station..., the Railway PSU said in an exchange filing.
State-owned IRCON on Sunday said it has secured a railway project worth about Rs 1,200 crore in a joint venture.
ALSO READ | 251% return in 1 year: IRCON share jumps over 6% in early trade - Check Target Price
"Ircon International Ltd (IRCON) under its joint venture with Dineshchandra R Agrawal Infracon Pvt Ltd (DRA) i.E. Ircon-DRA JV has been awarded the LoA for the construction of Kottavalasa-Koraput Doubling Project from Shivalingapuram Station to Borraguhalu Station...," the Railway PSU said in an exchange filing.
ALSO READ | 1166% return in 5 years: Should you buy this multibagger railway PSU stock? Check target price
he project will be built in engineering, procurement and construction (EPC) mode in 1,260 days, IRCON said. The cost of the project awarded by East Coast Railway is Rs 1,198.09 crore, it said. IRCON, under the Ministry of Railways, is a leading turnkey construction company.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.