IRCON International Limited, a state-owned engineering and construction firm, has secured a contract worth Rs 1.87 Bn from Kerala State IT Infrastructure Limited (KSITIL) for building a dedicated rural industrial park in Thiruvananthapuram district. The value excludes goods and services tax.

According to the company's regulatory filing, the project will be executed as a works contract on an item-rate basis and is scheduled for completion within 30 months. The scope includes infrastructure development and civil works to promote rural industrialisation in the region.

This win adds to a series of project acquisitions by IRCON. Just last week, the company received a letter of acceptance for a Rs 4.58 Bn civil works contract from North Eastern Electric Power Corporation Limited (NEEPCO) for the Tato-I Hydro Electric project in Arunachal Pradesh. That contract includes comprehensive civil works such as headworks, tunnels, powerhouse, and other critical infrastructure, to be executed over 45 months.

Shares of IRCON International Limited closed at Rs 158.65, registering a 3.69 per cent increase on the Bombay Stock Exchange.

Source:CNBCTV18.com