Ircon International , through its 76% joint venture subsidiary Ircon Renewable Power Limited (IRPL), has made significant strides in its renewable energy project by successfully commissioning an additional 100 MW solar capacity. This expansion, known as Lot-6, brings the company's total operational capacity to 400 MW, marking 80% completion of its planned 500 MW solar plant.

Project Milestone

The latest addition of 100 MW represents a crucial step towards IRPL's goal of establishing a 500 MW solar power plant. With this commissioning, the company has now reached a cumulative capacity of 400 MW, demonstrating substantial progress in its renewable energy initiatives.

Company Background

Ircon Renewable Power Limited is a joint venture, with Ircon International holding a majority stake of 76%. This structure allows IRPL to leverage the expertise and resources of its parent company while focusing on the growing renewable energy sector.

Significance of the Expansion

The commissioning of the additional 100 MW capacity is a testament to IRPL's commitment to expanding its footprint in the renewable energy market. This development is particularly noteworthy as it brings the company closer to its target capacity, showcasing efficient project execution and management.

Future Outlook

With 80% of the planned capacity now operational, IRPL is well-positioned to complete the remaining 100 MW. The successful implementation of this project not only contributes to India's renewable energy goals but also strengthens Ircon International's portfolio in the green energy sector.

The timely completion of this phase underscores IRPL's capability in managing large-scale solar projects and positions the company as a significant player in India's transition towards cleaner energy sources.

As the renewable energy sector continues to grow, IRPL's progress in this project demonstrates its potential to contribute significantly to the country's sustainable energy landscape.

Ircon International Limited, a leading engineering and construction company, has announced a significant new order worth ₹510.47 crore. The company has been awarded a Letter of Award (LOA) from Meghalaya Infrastructure Development & Finance Corporation Limited, Shillong, Meghalaya.

Project Details

The project involves the construction of Eklavya Model Residential Schools at eight different locations in the state of Meghalaya. Ircon International will be responsible for the Design, Engineering, Procurement, and Construction (EPC) of these schools. This order falls under Package-II of the project.

Contract Specifics

Significance of the Project

This order is part of the broader initiative to establish Eklavya Model Residential Schools across India, aimed at providing quality education to tribal students in remote areas. The project in Meghalaya will contribute significantly to the educational infrastructure in the state, potentially benefiting thousands of students.

Company Disclosure

Ircon International has confirmed that this contract does not fall under related party transactions, and neither the promoter nor the promoter group has any interest in the awarding entity.

The company's ability to secure such a substantial order underscores its strong position in the infrastructure development sector, particularly in educational projects. This contract is expected to contribute positively to Ircon International's order book and future revenue streams.

Investors and stakeholders will be keenly watching the execution of this project, as it represents a significant opportunity for the company to showcase its expertise in delivering large-scale educational infrastructure projects.

Upcoming Annual General Meeting

In related news, Ircon International has announced that its 49th Annual General Meeting (AGM) will be held on Thursday, September 18, 2025, at 12:30 P.M. through Video Conferencing or Other Audio Visual Means. The company has set September 11, 2025, as the cut-off date for e-voting eligibility and as the record date for the final dividend for the financial year 2024-25, if declared at the AGM.

As Ircon International continues to secure significant projects and maintain transparency with its shareholders, the company appears well-positioned for growth in the infrastructure sector.