Active Stocks
Tue Mar 05 2024 13:11:36
  1. Tata Motors share price
  2. 1,025.00 3.83%
  1. Tata Steel share price
  2. 152.15 -0.62%
  1. Titan Company share price
  2. 3,736.00 0.11%
  1. State Bank Of India share price
  2. 785.60 1.74%
  1. ITC share price
  2. 407.10 -0.49%
Business News/ Companies / News/  IRCON secures order worth $14.89 million in Sri Lanka
BackBack

IRCON secures order worth $14.89 million in Sri Lanka

IRCON has secured the work on competitive bidding basis and the contract period will be 24 months from the date of signing of the contract agreement

IRCON has completed more than 128 projects in 25 countries across the globe and 398 projects in various states in India. (File Photo )Premium
IRCON has completed more than 128 projects in 25 countries across the globe and 398 projects in various states in India. (File Photo )

NEW DELHI : Ircon International Limited (IRCON) has secured an order on competitive bidding basis valuing USD 14.89 Million in Sri Lanka. 

“IRCON has awarded the work for procurement of Design, Installation, Testing, Commissioning and Certifying of Signalling and Telecommunication system from Maho Junction (Including) to Anuradhapura (Excluding) by Sri Lanka Railways, Ministry of Transport, Sri Lanka, under Indian Line of Credit at a total price of USD 14.89 Million equivalent to approx. INR 122 Crore," the company said in a press release. 

IRCON has secured the work on competitive bidding basis and the contract period will be 24 months from the date of signing of the Contract Agreement. 

It is a Miniratna (Category-I) Schedule -A, Public Sector Enterprises. A government company, IRCON was incorporated by the Central Government (Ministry of Railways). It is the leading turnkey construction company in the public sector. 

The company has widespread operations in several states in India, and countries across the globe. They have specialized constructions organization covering the entire spectrum of construction activities and services in the infrastructure sector. 

The company has executed projects operated in the areas of Railway construction including ballast less track, electrification, tunneling, signal & telecommunication as well as leasing of locos, construction of roads, highways, commercial, industrial & residential buildings and complexes, airport runway and hangars, metro and mass rapid transit system, etc. 

IRCON has completed more than 128 projects in 25 countries across the globe and 398 projects in various states in India.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

ABOUT THE AUTHOR
Swati Luthra
Swati Luthra writes on climate change, water, environment and forest issues for Mint. A graduate in Psychology, Swati has been mapping India’s policy initiatives to help meet the pledges made at CoP-26 including achieving net-zero carbon emissions by 2070.
Catch all the Corporate news and Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 07 Dec 2022, 07:33 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie