North Eastern Electric Power Corporation Limited (NEEPCO) has granted approval to IRCON International Ltd to work on Rs 4.6 billion Tato-I Hydro Electric project in Arunachal Pradesh. The contract permits the construction of civil works on an item rate basis. These works include headworks, head race channels, head race pipes, headrace tunnels, surge shafts, pressure shafts, valve houses, and other associated infrastructure works. All the construction is expected to take place over 4 years. 

That’s not the only win for IRCON International lately. It’s joint venture with SSNR Projects (IRCON-SSNR JV) has been commissioned for a major railway infrastructure project by Rail Vikas Nigam Ltd. This project involves the construction of two tunnels along with a ballast-less track and related infrastructure work.

It is part of the electrified new broad-gauge railway line between Mangliyagaon (Indore) and Budni stations, spanning 198 km across the Ratlam and Bhopal divisions of Western and West Central Railways in Madhya Pradesh. It will cost Rs 8.7 billion and will take place over 40 months with an additional six-month defect liability period. Since IRCON holds a 70 per cent share in the JV, it will have to pay Rs 6.1 billion, while SSNR must pay the remaining Rs 2.6 billion. 

As a result of these endavours, shares of IRCON International Ltd ended at Rs 152.80, up by 0.033 per cent, on the BSE.