IRCON Bags ₹1,869 Crore Orders from MMRDA and RVNL Across Metro & Railway Projects
By Shishta Dutta | Published at: Jul 21, 2025 10:16 AM IST
New Delhi, July 21, 2025 — Ircon International Ltd (NSE: IRCON | BSE: 541956) has secured three major infrastructure orders worth a cumulative ₹1,869 crore from the Mumbai Metropolitan Region Development Authority (MMRDA) and Rail Vikas Nigam Limited (RVNL), significantly strengthening its EPC portfolio in metro and rail construction segments.
Order Snapshot
| Client | Project Scope | Order Value (INR) | JV Details | Duration |
|---|---|---|---|---|
| MMRDA – Line 6 | Power Supply, E&M, Lifts, Escalators (Pkg-2, CA-233) | ₹642.44 Cr + €2.79 Mn | IRCON solo | 104 weeks + 7 years of maintenance |
| MMRDA – Line 5 | Substations, OHE, SCADA, Lifts, Escalators (Pkg-2, CA-239) | ₹471.30 Cr + €2.84 Mn | IRCON solo | 108 weeks + 7 years of maintenance |
| RVNL – Indore–Budni New BG Line | Civil + Electrical Works (Excl. rails, sleepers) | ₹755.78 Cr (IRCON share ₹529.05 Cr) | IRCON–JPWIPL (70:30) | 36 months + 6-month DLP |
MMRDA Line 6: ₹642 Crore Contract for Metro Electrification
IRCON has been awarded a works contract for Mumbai Metro Line-6 (Swami Samarth Nagar–Vikhroli) under Package-2 (CA-233) covering:
- Design, supply, installation, and commissioning of:
- Power supply and traction systems
- E&M works
- Lifts and escalators
- Plus 5 years of comprehensive maintenance after a 2-year defect liability period
Contract Value: ₹642.44 crore and €2.79 million
Timeline: 104 weeks build + 7 years maintenance
Awarded By: Mumbai Metropolitan Region Development Authority (MMRDA)
MMRDA Line 5: ₹471 Crore Metro Substation & SCADA Package
In a second major win, IRCON secured another MMRDA metro contract for Line-5 (Pkg-2, CA-239), involving:
- 220kV receiving substation and cabling works (220/33/25kV)
- 25kV Overhead Catenary System
- SCADA systems, auxiliary sub-stations
- Lifts & escalators for the main line, stations, and the Kasheli depot
Contract Value: ₹471.30 crore and €2.84 million
Timeline: 108 weeks build + 7 years maintenance
Awarded By: MMRDA
RVNL Order: ₹756 Crore Railway EPC Project (IRCON Share ₹529 Crore)
IRCON, in JV with JPWIPL (70:30), won a Letter of Award from Rail Vikas Nigam Limited (RVNL) for executing:
- Roadbed construction, minor bridges, buildings
- Track installation (excluding rails, sleepers)
- General electrical and civil engineering works
- For the 69 km Pipaliya Nankar – Budni section in Madhya Pradesh
Total Contract Value: ₹755.78 crore (incl. GST)
IRCON’s Share: ₹529.05 crore
Contract Mode: Item Rate
Duration: 36 months + 6-month DLP
Awarded By: RVNL, Bhopal Division
Strategic Outlook
These wins mark a significant push for IRCON in both metro electrification and conventional railway EPC works. This aligns with the government’s infrastructure modernisation goals. The MMRDA contracts reinforce its technical capabilities in metro systems integration, while the RVNL win adds scale in core civil and track works.
Ircon International Stock Performance
Ircon International shares closed at ₹186.74 on July 18, 2025, representing a 1.60% dip. On July 21, 2025, at 9:34 AM IST, Ircon International shares were trading at ₹191.48, representing a 2.45% increase on the National Stock Exchange. Ircon International shares have declined by 41% over the last year, 14% year-to-date, and 4.89% in the previous month.
About Ircon International
Ircon International Ltd is a Government of India undertaking under the Ministry of Railways, listed on NSE and BSE. It provides EPC services in railways, highways, buildings, electrical, and metro infrastructure across domestic and international markets.
REF:
https://nsearchives.nseindia.com/corporate/IRCON_18072025192606_STEXLETTERRVNL18072025.pdf
https://nsearchives.nseindia.com/corporate/IRCON_18072025193852_STEXLOA05180720205.pdf
https://nsearchives.nseindia.com/corporate/IRCON_18072025195159_STEX0618072025.pdf
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