Ircon International Limited (IRCON), in a joint venture with SSNR Projects Private Limited, has been awarded a significant ₹872.69 crore railway project by Rail Vikas Nigam Ltd (RVNL). The project involves the construction of tunnels, ballast-less track, and associated infrastructure as part of the electrified broad-gauge railway line between Mangliyagaon (Indore) and Budni stations in Madhya Pradesh.

Project Details and Scope

The awarded project includes the construction of:

• Tunnel T1: Covering the section from Km 33+160 to Km 34+400

• Tunnel T2: Spanning Km 57+400 to Km 66+040

• Ballast-less track formation and associated railway works

This project is part of the 198 km railway expansion across the Ratlam and Bhopal divisions of Western and West Central Railways. The development aims to enhance connectivity and support the expansion of Indian Railways' electrified infrastructure.

Project Value and Timeline

The total contract value stands at ₹872.69 crore (inclusive of GST), and the execution period is set for 40 months, followed by an additional six-month defect liability period.

IRCON’s Share in the Joint Venture

IRCON holds a 70% share in the joint venture, which translates to ₹610.88 crore, while SSNR Projects Private Limited owns the remaining 30%. The partnership is expected to boost IRCON’s order book and strengthen its position in India’s railway infrastructure sector.

Strategic Importance of the Project

This railway line is a crucial part of India's broad-gauge electrification program, aimed at enhancing rail connectivity, reducing travel time, and promoting energy efficiency. The project will play a key role in improving freight and passenger movement between Indore and Budni, ensuring better logistical support for industries in the region.

Stock Market and Investor Sentiment

Following this major contract win, IRCON’s stock performance is expected to gain positive momentum. Investors and analysts will closely monitor the execution progress, which may impact IRCON's financial outlook and stock valuation.

Conclusion

The ₹872.69 crore railway project awarded to IRCON-SSNR JV by Rail Vikas Nigam Ltd underscores IRCON’s leadership in railway infrastructure development. With tunnel construction, ballast-less track installation, and a long-term execution strategy, this project is set to enhance rail connectivity and efficiency in Madhya Pradesh.

The Current active IPO are Infonative Solutions Limited,Spinaroo Commercial Limited,Retaggio Industries Limited,Identixweb Limited.

The Closed IPOs are  ATC Energies System Limited, Shri Ahimsa Naturals Limited, Desco Infratech Limited

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.