IRCON Receives Letter of Acceptance from North East Frontier Railways for ₹224.5 Crore Composite Work Project

IRCON International Limited (IRCON) has announced that it has received a Letter of Acceptance (LOA) from North East Frontier Railways (NFR) for a significant composite work project. The project, valued at ₹224.5 crore, involves multiple infrastructure upgrades and construction tasks in various locations under the NFR's jurisdiction.

IRCON Awarded Project Details from NFR

The project awarded to IRCON covers the following key components:

• (A) Upgradation and development of maintenance infrastructure for the energy-efficient Vande Bharat Express at the Coaching Complex in New Jalpaiguri (NJP).
• (B) Infrastructure construction of a GE Loco shed for housing 250 GE locos (WDG4G/WDG6G) at SGUJ.
• (C) Construction of new freight maintenance facilities at NJP for Next Generation Freight in the Katihar division of Northeast Frontier Railways.

Contract and Execution Details

The project has a total value of ₹224,49,98,704.80 (₹224.5 crore) and is expected to be completed within 18 months. The project’s execution involves a range of works including civil, electrical, mechanical, and signal & telecom construction. This is a domestic contract awarded by the North East Frontier Railways (NFR), a key division of Indian Railways.

Project Impact and Significance

This project is a major win for IRCON and highlights the company’s continuing role in the development of India’s railway infrastructure. The works to be completed under this contract are critical for improving rail transport facilities, energy efficiency, and maintenance operations, contributing to better services for passengers and freight transport across the region.

Ircon International Share Price Performance

On September 26, 2025, Ircon International share price opened at ₹173.03 on NSE, near the previous close of ₹173.03. During the day, it surged to ₹173.40 and dipped to ₹168.28. The stock is trading at ₹169.29 as of 2:38 PM. The stock registered a significant decline of 2.16%.

Over the past week, it has declined by 7.01%, over the past month, it has moved up by 6.21%, and over the past 3 months, it has declined by 16.12%.

Conclusion

IRCON’s receipt of the LOA for this ₹224.5 crore project from North East Frontier Railways further strengthens its position in the infrastructure sector. The company will be focusing on timely execution of the project to meet the 18-month deadline, ensuring the development of crucial railway facilities in Northeast India.

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