Ircon International Ltd has appointed Shri Saleem Ahmad as Chairman and Managing Director (CMD) effective July 1, 2026. He has also been designated as Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) of the company from the same date. This appointment follows the cessation of Shri Hari Mohan Gupta, who retired as CMD upon attaining superannuation on June 30, 2026.

The appointment is pursuant to Ministry of Railways order no. 2023/E(O)II/40/15 dated June 23, 2026. Shri Saleem Ahmad has assumed the additional charge of the post of CMD for a period of one year or until the assumption of charge by a regular incumbent or until further orders, whichever is the earliest. The Board approved the designation of Shri Saleem Ahmad as CEO and KMP at its meeting held on June 26, 2026.

Profile of the New CMD

Shri Saleem Ahmad holds a degree in Civil Engineering from Jamia Millia Islamia University, New Delhi, and brings over 35 years of experience in the construction sector. His expertise includes the execution of large-scale infrastructure projects, bridges, tunnels, and residential and commercial developments. Currently, he serves as CMD of Rail Vikas Nigam Limited. Previously, he worked as Director (Project) at NBCC (India) Ltd and as Executive Director (Civil) at Delhi Metro Rail Corporation Ltd.

Key Appointment Details

The following table summarizes the particulars of the appointment:

The company confirmed that Shri Saleem Ahmad has not been debarred from holding the office of director by any SEBI order or other authority. Ircon International Limited is a Government Company under Section 2(45) of the Companies Act, 2013, where the power to appoint Directors vests with the President of India.

Ircon International Limited , in a joint venture with Badri Rai & Company, has secured a ₹763.10 crore order from Tripura State Electricity Corporation Limited (TSECL) for the Agartala Smart Grid project. The contract involves the design, engineering, supply, and commissioning of an underground power cable network and smart grid applications in the Agartala Municipality Area. The project is scheduled to be executed within 24 months from the date of the award.

The joint venture partners operate in a 26:74 ratio, with Badri Rai & Company acting as the lead partner. The total contract value, including GST, stands at ₹763,10,28,794, while Ircon's share is valued at ₹198,40,67,486.40. The order was awarded by a domestic entity and does not involve any related party transactions or interests from the promoter group.

Contract Details

The following table outlines the key parameters of the awarded contract:

The filing was made to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The event occurred on June 22, 2026.

Project Scope

The scope of work encompasses a comprehensive smart grid setup, including the establishment of an underground power cable network for High Tension (HT) and Low Tension (LT) lines. The project integrates advanced technologies such as Supervisory Control and Data Acquisition (SCADA), Advanced Distribution Management System (ADMS), and Outage Management System (OMS). Additionally, the contract covers GIS mapping, the laying of Optical Fiber Cable (OFC) for underground communication, and integration with third-party IT applications like billing and ERP systems. The establishment of a Smart Grid Control Centre, including main and backup facilities with Distribution Network Automation (DNA), is also part of the mandate.