IRCON Secures ₹96.25 Crore Annual Maintenance Contract from Konkan Railway
Ircon International Limited has received a Letter of Acceptance for an Annual Maintenance Contract from Konkan Railway Corporation Ltd. The contract is valued at ₹96.25 Crore and is for a duration of five years, covering the maintenance of the Integrated Tunnel Communication System in the Katra-Banihal section.
The contract value of ₹96.25 Crore is substantial and will contribute to the company's revenue over the five-year period, indicating a medium impact on its financial performance.
The company has secured a significant new order, which is a positive development for its business.
Ircon International Limited (IRCON) has announced the receipt of a Letter of Acceptance (LOA) from M/s Konkan Railway Corporation Ltd. for a Works Contract. The contract pertains to the Comprehensive Annual Maintenance Contract of the Integrated Tunnel Communication System, covering IP Based Video Surveillance System, Public Address System, Emergency Communication System, and Networking backbone system installed in the Katra-Banihal section of Northern Railway. This contract is for a period of five years.
The contract, valued at ₹96,25,49,694 (Rupees Ninety-Six Crore Twenty-Five Lakhs Forty-Nine Thousand Six Hundred and Ninety-Four Only) inclusive of GST, is with a domestic entity. The execution period for this works contract, identified as KR-JK-ST-ITC-AMC-2026 dated 08.10.2026, is 60 months.
Ircon International Limited has confirmed that neither the promoter nor promoter group or group companies have any interest in the entity that awarded the order, and the contract does not fall within related party transactions.
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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 medium impact: worth reading, rarely worth acting on by itself.
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