IRCON Intl bags ₹458-crore contract for Arunachal's Tato-I Hydro Electric project
Published on 02/05/2025 07:32 PM
IRCON Intl bags ₹458-crore contract for Arunachal's Tato-I Hydro Electric projectThe project is to be executed over a period of 45 months. Shares of IRCON International Ltd ended at ₹152.80, up by ₹0.050, or 0.033%, on the BSE.By Jomy Jos Pullokaran May 2, 2025, 7:32:02 PM IST (Published)2 Min ReadState-owned IRCON International Ltd has 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.
March win
In March this year, IRCON International, through its joint venture with SSNR Projects Private Limited (IRCON-SSNR JV), was awarded a major railway infrastructure project by Rail Vikas Nigam Ltd.
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The project involves the construction of tunnel T1 (from km 33+160 to km 34+400) and tunnel 2 (from km 57+400 to km 66+040), along with a ballast-less track and related formation works.
This is part of the electrified new broad-gauge railway line between Mangliyagaon (Indore) and Budni stations, spanning 198 km across the Ratlam and Bhopal divisions of Western and West Central Railways in Madhya Pradesh.
The awarded contract, valued at ₹872.69 crore (including GST), will be executed over a period of 40 months, with an additional six-month defect liability period. IRCON holds a 70% share in the joint venture, amounting to ₹610.88 crore, while SSNR Projects holds the remaining 30%.
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Shares of IRCON International Ltd ended at ₹152.80, up by ₹0.050, or 0.033%, on the BSE.
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