IRCON International Limited, a prominent infrastructure development company under the Ministry of Railways, has signed a Memorandum of Understanding (MoU) with Northeast Frontier Railway for two major projects worth approximately Rs 89 crore. The company announced the development in a regulatory filing to the stock exchange on Friday.
The projects involve outsourcing the maintenance and breakdown services of Traction Distribution (TRD) systems at 20 Overhead Equipment (OHE) depots located in the Tinsukia and Lumding Divisions of Northeast Frontier Railway. The contract, which spans a duration of 24 months, includes the maintenance of newly commissioned OHE and Power Supply Infrastructure (PSI) assets.
The first segment of the project covers nine depots in the Tinsukia Division, valued at an estimated Rs 39 crore, while the second segment focuses on 11 depots in the Lumding Division, with an estimated contract value of Rs 50 crore. Both projects follow a cost-plus model and are classified as domestic contracts with no related party transactions.
IRCON, listed on both the NSE and BSE under the ticker “IRCON,” continues to solidify its role as a trusted partner in India’s infrastructure development sector, underscoring its commitment to operational excellence and contributing to the nation’s growth.
