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IRCON bags ₹187-crore contract for rural industrial park in KeralaThis is the latest in a series of project wins for IRCON. Shares of IRCON International Ltd ended at ₹158.65, up by ₹5.65, or 3.69%, on the BSE.By Jomy Jos Pullokaran   May 5, 2025, 7:26:37 PM IST (Updated)2 Min ReadState-owned engineering and construction firm, IRCON International Ltd, on Monday (May 5) announced that it has secured a work order worth ₹187.08 crore (excluding GST) from Kerala State IT Infrastructure Ltd (KSITIL) for the construction of a dedicated rural industrial park in Thiruvananthapuram district.

"...it is to inform that Kerala State IT Infrastructure Ltd. (KSITIL) has sanctioned a Work Order to Ircon International Limited for Construction of Dedicated Rural Industrial Park in Thiruvananthapuram District," IRCON International said in a regulatory filing.

The project is structured as a works contract on an item-rate basis and is to be completed within a period of 30 months. The scope of work includes infrastructure development and civil works for setting up the industrial park, aimed at promoting rural industrialisation in the region.

Also Read: IRCON International faces ₹159-crore arbitration claim from Conarch Associates

Last week, IRCON International received a letter of acceptance from North Eastern Electric Power Corporation Limited (NEEPCO) for a ₹458.14-crore civil works contract related to the Tato-I Hydro Electric project in Arunachal Pradesh.

The contract, awarded under package I, involves the construction of civil works on an item rate basis. It covers a comprehensive scope, including headworks and allied works, head race channel, head race pipe, intake, headrace tunnel, surge shaft, pressure shaft, valve house, powerhouse, and associated infrastructure works. The project is to be executed over a period of 45 months.

Shares of Ircon International Ltd ended at ₹158.65, up by ₹5.65, or 3.69%, on the BSE.

Also Read: IRCON-BRC joint venture wins ₹1,096 crore EPC contract for new Shillong secretariatContinue Reading(Edited by : Shoma Bhattacharjee)First Published: May 5, 2025 7:26 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsIrcon Internationalshare market today