New Delhi: IRCON International Limited, in joint venture with JPWIPL, has secured a major railway infrastructure project worth ₹755.78 crore from Rail Vikas Nigam Limited (RVNL). The Letter of Award (LoA) pertains to the construction of a new broad gauge (BG) railway line between Pipaliya Nankar (Excl.) and Budni (Incl.) stations in the Indore–Budni section under the Bhopal Division of West Central Railway.
Project Scope and Execution Timeline
The contract covers extensive civil and electrical works, including-
- Construction of roadbed
- Minor bridges
- Buildings
- General electrical works
- Installation of track (excluding supply of rails, sleepers, and thick web switches)
The project is to be executed over 36 months, with an additional 6-month Defect Liability Period (DLP). It will be carried out under a domestic item-rate contract model.
JV Structure and IRCON’s Share
The IRCON-JPWIPL joint venture has a shareholding ratio of 70:30, respectively. IRCON’s individual share in the contract is estimated at ₹529.05 crore. This project adds to IRCON’s growing portfolio of high-value railway infrastructure works across India.
Compliance and Transparency
IRCON has confirmed that this transaction does not qualify as a related party transaction, as neither the promoter group nor any associated companies have an interest in RVNL. The Letter of Award was issued by the Chief Project Manager of RVNL, Bhopal.
Strengthening Rail Infrastructure in India
This strategic project highlights IRCON’s stronghold in the domain of railway development and underscores the public sector enterprise’s ability to deliver complex infrastructure projects through effective partnerships. The JV model is expected to accelerate project timelines while optimizing resources.
About IRCON
IRCON, a government-owned infrastructure major, is widely recognized for its expertise in delivering complex railway, highway, and infrastructure projects both in India and internationally.
IRCON-JPPL JV refers to a joint venture between Ircon International Limited (IRCON) and JPPL, likely for a specific infrastructure project. IRCON is a well-known Indian public sector company specializing in railway and highway construction, while JPPL’s full name and role are not explicitly mentioned in the search results. The JV was formed to execute a railway project in Uttarakhand, involving ballastless track work, ballast supply, and track installation.
About RVNL
Established in 2005, RVNL has played a critical role in bridging the infrastructure gap in Indian Railways by delivering over 152 railway projects covering more than 16,500 km. Beyond railways, the organization has expanded its footprint across diverse infrastructure domains including metros, highways, and international projects.
RVNL is currently executing metro projects in key cities such as Kolkata, Chennai, Mumbai, Pune, Indore, Surat, Ahmedabad, and Nagpur. With a proven track record and consistent “Excellent” ratings from the Department of Public Enterprises for fourteen consecutive years, RVNL continues to evolve from a railway-focused PSU into a major player in India’s overall infrastructure landscape.