IRCON Wins Rs 1.87 Bn Rural Industrial Park Contract in Kerala
ECONOMY & POLICY

IRCON Wins Rs 1.87 Bn Rural Industrial Park Contract in Kerala

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

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

Next Story
Technology

AirBrick Infra Sets Rs 1 billion Target, Expands to Dubai and Tier-II Cities

AirBrick Infra, one of India’s fastest-growing AI-led commercial interior design and build firms, has announced a sales order target of Rs 1 billion for FY 2025–26. The projection represents a 50 per cent growth over the previous fiscal year and reflects rising demand, increased repeat business, and the company's robust tech-first delivery model.  Now in its third year of operations, AirBrick continues its rapid scale-up, having successfully delivered over 70 projects spanning 3 lakh sq ft in FY 2023–24. FY 2024–25 witnessed the onboarding of several Fortune 500 clients, sett..

Next Story
Resources

Virtusa Foundation Powers Green Education Drive in Bengaluru

The Virtusa Foundation, CSR arm of digital engineering and technology leader Virtusa Corporation, has announced key infrastructure and mobility initiatives at the Ramakrishna Mission, Shivanahalli, Bengaluru. The launch marks the inauguration of a 16-room residential facility for lady teachers and the deployment of two solar-powered electric buses, underscoring Virtusa’s commitment to its core pillars of Education, Environment and Empowerment (3Es).  Located on the forest fringe near Bannerghatta National Park, the initiative supports tribal and underserved communities, complementi..

Next Story
Infrastructure Urban

Godrej Enterprises Drives India’s Smart Green Logistics Shift

As India accelerates its transformation into a global manufacturing and logistics hub, Godrej Enterprises Group (GEG) is taking the lead with its smart, sustainable intralogistics solutions. Through its Material Handling Equipment (MHE) and Storage Solutions businesses, GEG is redefining operational efficiency in modern warehouses and factories using IoT, automation, and AI. GEG has consistently maintained a 20–25 per cent market share in the intralogistics sector over the past three years. Today, over 37 per cent of GEG’s revenues come from its Good & Green portfolio, and its net..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?