State-owned engineering and construction firm IRCON International Ltd on Monday (October 12) said it has received a Letter of Acceptance (LoA) for an engineering, procurement and construction (EPC) contract worth ₹862.46 crore from East Central Railway for track works and the supply of railway materials linked to the construction of the third and fourth lines of the Son Nagar-Andal project.
The company said the contract covers the supply of ballast and permanent way (P.Way) materials, laying and linking of track works, and other miscellaneous works for a 32.5-tonne axle load.
The works will be carried out along the Gomoh-Koderma section under the Dhanbad division, and the Gaya-Son Nagar section under the Deen Dayal Upadhyaya division of East Central Railway.
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The contract also includes the supply of various permanent way materials at Gaya under the Deputy Chief Engineer (Construction), Gaya. IRCON said the contract has been awarded by a domestic entity and is classified as a works contract under the EPC category. The execution period is 365 days.
The company also disclosed that its promoters, promoter group and group companies have no interest in the entity awarding the contract. The order does not fall under related-party transactions.
Shares of IRCON International Ltd ended at ₹104.70, up by ₹0.100, or 0.096%, on the BSE.
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