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Business Upturn
6 days ago
- Business
- Business Upturn
Ircon bags three major orders worth over Rs 1,668 crore for metro and railway projects
By Aditya Bhagchandani Published on July 18, 2025, 20:01 IST Ircon International Limited on Friday announced that it has secured three significant contracts from domestic clients — Mumbai Metropolitan Region Development Authority (MMRDA) and Rail Vikas Nigam Limited (RVNL) — with a combined order value exceeding ₹1,668 crore. MMRDA – Mumbai Metro Line-5 Ircon received a Letter of Acceptance from MMRDA for Mumbai Metro Line-5 (Thane-Bhiwandi-Kalyan), Package-3, valued at approximately ₹471.3 crore and €2.84 million (about ₹496 crore). Scope of work includes: Design, supply, installation, testing, and commissioning of a 220 kV receiving substation, 220/33/25 kV cabling, and complete 25 kV overhead catenary system. Construction of switching stations, auxiliary power distribution, SCADA systems, electrical & mechanical works, lifts, escalators, and depot equipment. Five years of comprehensive maintenance after two years of defect liability. The project is scheduled for 108 weeks plus maintenance. MMRDA – Mumbai Metro Line-6 Ircon also bagged another contract from MMRDA for Mumbai Metro Line-6 (Swami Samarth Nagar to Vikhroli EEH), Package-2, valued at approximately ₹642.44 crore and €2.79 million (about ₹669 crore). Scope of work includes: Design, manufacture, supply, installation, integration, testing, and commissioning of power supply & traction systems, E&M works, lifts, and escalators. Includes five years of comprehensive maintenance post a two-year defect liability period. This project will be executed in 104 weeks, plus maintenance. Ircon clarified that both MMRDA contracts are with domestic entities and do not involve any related-party transactions. RVNL – Pipaliya Nankar to Budni Railway Line The third contract was awarded by Rail Vikas Nigam Limited (RVNL) to an Ircon-JPWIPL joint venture, with Ircon's share at 70%. The total contract is valued at about ₹755.78 crore , with Ircon's share being ₹529.05 crore . The project involves construction of roadbed, bridges, buildings, track installation (excluding rails, sleepers, thick web switches), general electrical works for the new BG railway line between Pipaliya Nankar and Budni in Madhya Pradesh . Scheduled to be completed in 36 months, plus six months of defect liability. These wins highlight Ircon's strong execution capability in the metro, railway, and urban transport segments, reinforcing its leadership in delivering large, complex infrastructure projects across India. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Recorder
02-06-2025
- Business
- Business Recorder
Pakistan, Afghanistan push ahead with UAP rail project
ISLAMABAD: In a bold bid to reshape the geopolitics of Central and South Asia, Deputy Prime Minister and Foreign Minister Ishaq Dar and Afghanistan's acting Foreign Minister Amir Khan Muttaqi dialled in a high-stakes phone call on Sunday to push forward the game-changing Uzbekistan-Afghanistan-Pakistan (UAP) Railway Line project. The proposed 573-kilometer rail link, stretching from Tashkent through Kabul to Peshawar and connecting to Gwadar and Karachi ports, carries a projected cost of $4.8 billion. It is poised to serve as a vital artery linking Central Asia's landlocked economies to international markets, potentially turbo charging economic ties and fostering deeper regional connectivity. According to a statement from Foreign Office, the two ministers agreed on the urgency of finalizing the framework agreement swiftly for the UAP Railway project, reflecting a shared commitment to cementing this infrastructure vision. The dialogue follows Dar's recent conversation with Uzbekistan's Foreign Minister Saidov Bakhtiyor Odilovich to coordinate final details for the project's forthcoming signing ceremony. Pakistan, Russia, CARs: meeting on UAP rail plan likely on April 23-24 Beyond infrastructure, the phone call underscored a parallel diplomatic thaw. Afghanistan's Amir Khan Muttaqi welcomed Pakistan's recent move to elevate its diplomatic mission in Kabul from chargé d'affaires to ambassador level – a gesture Kabul has pledged to reciprocate by upgrading its envoy in Islamabad. Both countries have been maintaining embassies headed by chargés d'affaires, a reflection of strained ties over decades marked by mistrust and conflict. 'This is a very positive development,' Muttaqi said, framing the diplomatic upgrade as a milestone in the 'brotherly countries'' evolving relationship. The mutual embassies' upgrade follows similar steps by China, the first nation to accept an ambassador from the Taliban-led government, and the UAE, signalling a cautious but tangible international shift towards engagement with Afghanistan's new regime. Both the ministers also reviewed progress on a slate of agreements from Dar's April visit to Kabul, reaffirming their commitment to fostering mutual trust and cooperation in a region historically fraught with geopolitical volatility. As Pakistan, Afghanistan, and Uzbekistan move forward with this massive rail project and diplomatic rapprochement, the moves may herald a new chapter of connectivity and stability in a part of the world long challenged by division and uncertainty. Copyright Business Recorder, 2025
