IRCON Secures ₹763 Crore Smart Grid Project in Tripura
Ircon International Limited, in a 26% JV with Badri Rai & Company, received a ₹763.10 crore contract from Tripura State Electricity Corporation Limited. The project involves establishing a smart grid network in Agartala, Tripura, to be executed within 24 months. Ircon's share in the contract is ₹198.40 crore.
The order value of ₹763.10 crore is substantial and is expected to have a significant impact on the company's revenue and future prospects.
The company has secured a significant new order, which is positive for its business.
Ircon International Limited, in a joint venture with M/s Badri Rai & Company where IRCON holds a 26% stake, has received a Letter of Award (LOA) from Tripura State Electricity Corporation Limited (TSECL).
The contract, valued at ₹763.10 crore (including GST @ 18%), is for the design, engineering, manufacturing, supply, erection, testing, and commissioning of an Underground Power Cable Network (HT & LT), Smart Grid Applications, SCADA, ADMS, OMS, GIS Mapping, Underground OFC Communication System, and establishment of a Smart Grid Control Centre in Agartala Municipality Area, Tripura.
The total contract value awarded to the joint venture is ₹763,10,28,794. The share for Badri Rai & Company (Lead Partner) is ₹564.69 crore (74%), and Ircon International Limited's share is ₹198.40 crore (26%). The project is to be executed within 24 months from the award date. The LOA was dated June 22, 2026.
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Ircon International Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Ircon International Limited. Read the original for the full detail.