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Railway PSU IRCON Receives LOA worth Rs 510 Cr for Eight Eklavya Model Residential Schools in Meghalaya – Details Inside

IRCON International secures Rs 510 crore EPC order to construct eight Eklavya Model Residential Schools in Meghalaya, enhancing educational infrastructure.
Indian Masterminds Stories

New Delhi: Railway PSU IRCON International Ltd. has received a Letter of Award from Meghalaya Infrastructure Development & Finance Corporation Ltd (MIDFC), Shillong. The project involves the construction of Eklavya Model Residential Schools across eight locations in Meghalaya.

EPC Project to Strengthen Educational Infrastructure

The contract is on a Design, Engineering, Procurement, and Construction (EPC) basis under Package-II. IRCON is tasked with completing the project within 36 months. The total project cost is Rs 510.46 crore. This initiative aims to enhance educational facilities and infrastructure in the state.

Supporting Meghalaya’s Infrastructure Development

MIDFC, a specialized entity, focuses on financial support for infrastructure projects in Meghalaya. IRCON’s execution of this order will significantly contribute to the state’s educational and social development initiatives.

Investor and Market Update

Following the announcement, IRCON shares traded higher by 1.07% at Rs 172.00 on the BSE, reflecting positive investor sentiment.

About IRCON International Ltd

IRCON International Ltd., a premier railway PSU headquartered in New Delhi, undertakes major infrastructure projects across India and abroad. The company specializes in railway, transportation, and urban infrastructure projects, contributing significantly to national development.

Also Read: Dividend Alert: IRCON Declares Rs2.95 Dividend in FY25, Sets Record Date for September 11- Check Details


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