IRCON International-JPWIPL joint venture wins ₹756 crore RVNL contract
Published on 18/07/2025 07:50 PM
IRCON International-JPWIPL joint venture wins ₹756 crore RVNL contractThe contract involves the construction of the roadbed, minor bridges, buildings, installation of track (excluding supply of rails, sleepers, and thick web switches), along with other civil engineering and general electrical works. Shares of Ircon International Ltd ended at ₹186.95, down by ₹2.75, or 1.45%, on the BSE.By Jomy Jos Pullokaran July 18, 2025, 7:50:34 PM IST (Published)1 Min ReadState-run engineering and construction firm, IRCON International Limited, on Friday (July 18), said it has received a Letter of Award from Rail Vikas Nigam Limited (RVNL) for a railway infrastructure project in Madhya Pradesh, valued at ₹755.78 crore, including GST.
The project was secured through a joint venture between IRCON and JPWIPL, with IRCON holding a 70% stake and JPWIPL the remaining 30%. IRCON’s share in the project amounts to ₹529.04 crore, inclusive of GST.
The contract involves the construction of the roadbed, minor bridges, buildings, installation of track (excluding supply of rails, sleepers, and thick web switches), along with other civil engineering and general electrical works.
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The scope pertains to the new broad-gauge railway line between Pipaliya Nankar (excluding) and Budni (including) stations in the Indore–Budni section of Bhopal Division, West Central Railway.
The project is structured as an item rate contract and is to be executed over a period of 36 months, with an additional 6 months for the defect liability period (DLP). Shares of Ircon International Ltd ended at ₹186.95, down by ₹2.75, or 1.45%, on the BSE.
Also Read: IRCON International bags ₹254 crore KAVACH contract from South Western RailwayContinue ReadingCheck 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