IRCON International Limited has been awarded a significant Letter of Award (LOA) from Meghalaya Infrastructure Development & Finance Corporation Limited, Shillong, for constructing Eklavya Model Residential Schools across 8 different locations in Meghalaya state. The contract, valued at ₹510.47 crore (₹ 510,46,87,186.39 /-), was awarded on August 21, 2025, under Package-II of the project.
The domestic EPC contract involves Design, Engineering, Procurement and Construction of Eklavya Model Residential Schools at 8 different locations across Meghalaya state. With a 36-month execution timeline, the project represents a substantial addition to IRCON's order book whilst reinforcing the company's capabilities in executing large-scale educational infrastructure projects for state governments and public sector entities.
The project focuses on establishing residential educational facilities under the Eklavya Model Residential School scheme, which provides quality education to tribal students. IRCON's responsibility encompasses complete project execution from the design phase through construction completion, demonstrating the company's comprehensive infrastructure development capabilities across educational sector requirements.
Read More: Ircon International Share Price in Focus; Dividend Record Date Set for 11 Sept, AGM on 18 Sept 2025!
The contract requires completion within 36 months, providing IRCON with a structured timeline for delivering educational infrastructure across multiple Meghalaya locations. The comprehensive EPC approach ensures single-point responsibility for project delivery whilst enabling efficient resource allocation and standardised construction methodologies across all 8 school locations.
On August 22, 2025, Ircon International share price opened at ₹170.18 on NSE, near the previous close of ₹170.18. During the day, it surged to ₹174.50 and dipped to ₹168.57. The stock is trading at ₹171.80 as of 2:09 PM. The stock registered a moderate gain of 0.95%.
Over the past week, it has moved up by 2.80%, over the past month, it has declined by 7.95%, and over the past 3 months, it has declined by 7.39%.
IRCON International's ₹510.47 crore LOA from Meghalaya Infrastructure Development & Finance Corporation for constructing Eklavya Model Residential Schools at 8 locations represents a significant order book addition.
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Published on: Aug 22, 2025, 3:06 PM IST
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