Calculate your SIP ReturnsExplore

Ircon-DRA JV Secures Contract for Railway Line Doubling Project of ₹1,198.09 Crore

02 May 20243 mins read by Angel One
Ircon International Limited (IRCON) and its joint venture company, Dineshchandra R Agrawal Infracon Pvt Ltd, secured a significant contract for a railway line extension.
Ircon-DRA JV Secures Contract for Railway Line Doubling Project of ₹1,198.09 Crore
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Ircon International Limited (IRCON), a leading construction company under the Ministry of Railways, has secured a significant contract in collaboration with Dineshchandra R Agrawal Infracon Pvt Ltd (DRA). This joint venture, known as Ircon-DRA JV, has been awarded the Letter of Award (LOA) for the construction of a critical railway line segment.

Project Details

The project involves doubling the existing railway track between Kottavalasa and Koraput in India. The specific section awarded to Ircon-DRA JV spans from kilometre marker 45.483 to kilometre marker 72.550, encompassing the Shivalingapuram and Borraguhalu stations. This upgraded line falls under the jurisdiction of the Waltair Division of the East Coast Railway and will be constructed using the Engineering, Procurement, and Construction (EPC) mode.

Project Significance

The doubling of this railway line is expected to bring several benefits to the region:

  • Increased Capacity: A double track allows for a smoother flow of traffic, enabling the passage of more trains and potentially reducing congestion. This can enhance overall railway network efficiency.
  • Improved Connectivity: Enhanced connectivity between Kottavalasa and Koraput can facilitate easier movement of people and goods, potentially boosting economic activity and regional development.
  • Infrastructure Upgrade: The project represents a significant investment in railway infrastructure, contributing to a more modern and efficient transportation system.

Project Timeline and Cost

The project is expected to be completed within a timeframe of 1,260 days. The total project cost has been estimated at ₹1,198.09 crore, signifying a substantial investment in this critical infrastructure development.

This contract award marks a positive step forward for Ircon-DRA JV, showcasing its expertise in railway construction projects. The successful completion of this project will contribute to an improved and more efficient railway network in the region.

About Ircon International Limited

Ircon International Limited (IRCON) started business in 1979 as a railway construction company. After a few years, it diversified progressively as an integrated engineering and construction PSU specialising in large and technologically complex infrastructure projects in various sectors such as railways, highways, etc.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Open Free Demat Account!

Enjoy Zero Brokerage on Equity Delivery

Join our 2 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage on Equity Delivery

Get the link to download the App

Send App Link

Enjoy Zero Brokerage on
Equity Delivery