IRCON International Secures ₹510 Crore Order for Eklavya Model Residential Schools in Meghalaya

1 min read     Updated on 22 Aug 2025, 12:05 PM
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Shriram ShekharBy ScanX News Team
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Overview

Ircon International has been awarded a ₹510.47 crore contract by Meghalaya Infrastructure Development & Finance Corporation Limited for the construction of Eklavya Model Residential Schools at eight locations in Meghalaya. The project, part of Package-II, involves Design, Engineering, Procurement, and Construction (EPC) of these schools with a 36-month duration. This domestic EPC contract aims to enhance educational infrastructure for tribal students in remote areas. The company also announced its 49th Annual General Meeting scheduled for September 18, 2025, via video conferencing.

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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

Item Details
Awarding Entity Executive Director (Technical), Meghalaya Infrastructure Development & Finance Corporation Limited, Shillong, Meghalaya, India
Contract Type Domestic EPC Contract
Project Duration 36 Months
Contract Value ₹510,46,87,186.39

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.

Historical Stock Returns for Ircon International

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IRCON International Appoints Vijender Singh as Executive Director (Works)

1 min read     Updated on 11 Aug 2025, 09:10 PM
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Reviewed by
Shriram ShekharBy ScanX News Team
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Overview

Ircon International Limited has appointed Shri Vijender Singh as Executive Director (Works), effective August 11, 2025. Singh, an Indian Railway Service of Engineers (IRSE) Officer from the 1996 batch, joins IRCON on deputation from the Ministry of Railways. He brings extensive experience in rail projects, including the Jammu-Udhampur New Rail Link Project and station redevelopment projects. Previously, Singh served as Senior Division Engineer in the Delhi Division of Indian Railways.

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Ircon International Limited, a leading engineering and construction company, has announced a significant change in its senior management. The company has appointed Shri Vijender Singh as Executive Director (Works), effective August 11, 2025.

Board Approval and Appointment Details

The appointment was approved by IRCON's Board of Directors upon the recommendation of the Nomination and Remuneration Committee. According to the company's filing with stock exchanges, Singh joined IRCON's Corporate Office in New Delhi on August 11, 2025, at 11:00 A.M.

Vijender Singh's Background

Shri Vijender Singh brings a wealth of experience to his new role at IRCON:

  • He is an Indian Railway Service of Engineers (IRSE) Officer from the 1996 batch.
  • Singh joins IRCON on deputation from the Ministry of Railways.
  • His extensive experience includes working on several significant rail projects:
    • Jammu-Udhampur New Rail Link Project
    • Station Redevelopment Projects
    • Construction of numerous Road Over Bridges (RoBs) and Road Under Bridges (RUBs)
    • Major bridge projects

Previous Roles

Prior to his appointment at IRCON, Singh served in key positions within the Indian Railways:

  • Senior Division Engineer
  • Senior Division Engineer (Construction) in Delhi Division, which is noted as one of the largest divisions of the Indian Railway network

Implications for IRCON

This appointment is expected to strengthen IRCON's senior management team. As Executive Director (Works), Singh will likely play a crucial role in overseeing and managing the company's various engineering and construction projects.

IRCON International Limited, known for its expertise in railway and highway construction, stands to benefit from Singh's extensive experience in rail infrastructure projects. His background aligns well with IRCON's core competencies and could potentially contribute to the company's future growth and project execution capabilities.

The company's decision to bring in a seasoned professional from the Ministry of Railways on deputation underscores its commitment to leveraging top talent from the public sector to enhance its operations and project management capabilities.

Historical Stock Returns for Ircon International

1 Day5 Days1 Month6 Months1 Year5 Years
+0.82%+2.67%-8.80%+10.76%-35.37%+257.61%
Ircon International
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