State-owned IRCON International has received a work order from North Western Railway for the implementation of a Remote Diagnostic & Predictive Maintenance System across multiple sections of its Jaipur, Ajmer, Bikaner, and Jodhpur divisions.
The project, valued at ₹51.61 crore, is to be completed within 24 months from the issuance of the Letter of Award (LOA).
On the market front, IRCON shares were trading 2.37% higher at ₹176.90 on the BSE, despite having declined 11.74% over the past month.
About IRCON
Indian Railway Construction International Limited (IRCON), is an Indian engineering & construction corporation, specialized in transport infrastructure. The public sector undertaking was established in 1976, by the Indian Railways under the Indian Companies Act 1956. IRCON was registered as the Indian Railway Construction International Limited, a wholly owned entity of the Indian Railway Board. Its primary charter was the construction of railway projects in India and abroad. Ircon has since diversified into other transport and infrastructure segments and with its expanded scope of operations around the world.
