IRCON International recently announced that it has emerged as the lowest bidder for construction of eight-lane access-controlled expressway starting from Bhoj to Morbe section-SPUR of Vadodra Mumbai expressway in Maharashtra involving ₹1436 crore investment. The project will be executed on the Hybrid Annuity Model under Bharatmala Pariyojana. The tender for the project was floated by NHAI on competitive bidding and the completion period of the project is two and half years. This work will be undertaken & executed by a Special Purpose Vehicle which shall be incorporated by IRCON as its wholly-owned subsidiary.
In a separate announcement, IRCON said it entered into a share subscription and shareholders' agreement with Ayana Renewable Power for the execution of the project of setting-up a 500 MW solar power plant through a joint venture company which will be incorporated by IRCON and Ayana. IRCON International is an engineering and construction company, specialized in transport infrastructure and is wholly owned by the Ministry of Railways.
Share it on
No comments yet, Be the first one to comment on this.
President Lays Foundation Stones for Key Projects in Odisha
President of India, Smt. Droupadi Murmu, inaugurated multiple infrastructure projects in Rairangpur, Odisha. These include three rail lines—Bangiriposi-Gorumahisani, Buramara-Chakulia, and Badampahar-Kendujhargarh—along with the Tribal
Gujarat CM Approves ₹937 Cr for Bhuj-Nakhatrana High-Speed Corridor
Gujarat Chief Minister Bhupendra Patel has sanctioned ₹937 crore to develop a 45-kilometer stretch between Bhuj and Nakhatrana into a four-lane high-speed corridor. The existing 10-meter-wide road will be upgraded to enhance travel convenience
Union Minister Dr. Jitendra Singh Inaugurates Key Road Projects in J&K
Union Minister Dr. Jitendra Singh held a public durbar and inaugurated multiple road projects in Kathua, Jammu & Kashmir, under the Pradhan Mantri Gram Sadak Yojana (PMGSY). Among the inaugurated projects was the 14.2 km road from Block Boundary Kathua
PM Approves Rithala-Narela-Nathupur Corridor under Delhi Metro Phase IV
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Rithala-Narela-Nathupur (Kundli) corridor under Delhi Metro's Phase IV. Spanning 26.463 km, this extension will enhance connectivity between Delhi and Haryana
NHAI Launches Rating System for Highway Contractors
To ensure accountability and improve the quality of National Highway construction and maintenance, the National Highways Authority of India (NHAI) has introduced a comprehensive performance rating system for concessionaires.
Kanpur Metro Completes Track Construction to Kanpur Central
Kanpur Metro has reached a significant milestone by completing track construction on the 'downline' up to Kanpur Central. With this achievement, the train route under Corridor-1 (IIT to Naubasta) is now fully prepared on both lines
DM Approves ₹58.5 Cr for 269 Construction Projects in Ghaziabad
The District Magistrate has approved proposals totaling ₹58.5 crore for 269 construction projects. Of these, ₹55.8 crore has been allocated for 251 projects under the Uttar Pradesh CM Slum Development Programme. The remaining ₹2.8 crore
Sarbananda Sonowal Launches ₹582 Cr Projects at Kamarajar Port
Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, inaugurated three key projects worth ₹582 crore at Kamarajar Port in Ennore, Tamil Nadu, during its silver jubilee celebrations.
KONE India, a leader in the elevator and escalator industry, has unveiled its innovative I MonoSpace® SMART, KONE I MiniSpace™ and KONE A MonoSpace® SMART elevators at the International Sourcing Exposition for Elevators.
816 km of National Highways Reported Damaged in FY 2023-24
Out of India’s 1,46,195 km National Highway (NH) network, approximately 816 km have reported damages in the current financial year. Maintenance and repair (M&R) of NHs is an ongoing process, monitored regularly by the Ministry of Road
Govt Pushes Bharatmala Pariyojana with 18,714 km Roads Completed
The Government of India approved the Bharatmala Pariyojana, targeting 34,800 km of road development with an estimated investment of ₹5.35 lakh crore. The program aims to enhance connectivity and reduce logistics costs through the construction
NHAI to Issue Green Bonds Worth ₹1,000 Cr for Delhi-Mumbai Expressway
Reiterating its commitment to promote environment sustainability and development of green highways, National Highways Authority of India’s fully owned Special Purpose Vehicle (SPV) ‘DME Development Limited’ (DMEDL) is set to issue green bonds
Railways Introduces Advanced Systems for Track Safety & Maintenance
Union Minister of Railways, Shri Ashwani Vaishnaw, inspected state-of-the-art systems—the Road Cum Rail Inspection Vehicle (RCRIV) and the Integrated Track Monitoring System (ITMS)—at New Delhi railway station. He announced plans to deploy
Government Advances Intelligent Transport Systems for Safer Highways
The government is promoting the implementation of Intelligent Transport Systems (ITS) to enhance road safety and reduce accidents, traffic violations, and incident response times. ITS can function as an Advanced Traffic Management System
Govt of India & ADB Sign $50Mn Loan to Boost Water Security in Meghalaya
The Government of India and the Asian Development Bank (ADB) have signed a $50 million loan agreement to enhance water security and resilience against climate change in Meghalaya. The project aligns with the 2019 Meghalaya State Water
NHAI Issues Tender for 4-Laning of Sandalpur-Nasrullaganj Bypass in MP
The National Highways Authority of India (NHAI) has issued a tender for the four-laning of the Sandalpur to Nasrullaganj Bypass section in Madhya Pradesh, under NH(O). The contract is valued at Rs 941.19 crore and the construction
Haryana Approves ₹616 Cr for 4-Lane Upgrade of Hodal-Nuh-Pataudi Road
The Haryana government has approved a budget of ₹616.1 crore for upgrading the Hodal-Nuh-Pataudi Road into a four-lane highway. The 71-km corridor aims to enhance regional connectivity and stimulate economic growth, bridging the urban-rural
India Advancing with 75 Ongoing Tunnel Projects Worth ₹49,000 Cr: Gadkari
India is advancing its road infrastructure with 75 ongoing tunnel projects, spanning 146 km and costing ₹49,000 crore, under the National Highways Authority of India (NHAI). Speaking at the World Tunnel Day 2024 Conference on Safe
Rural Development Ministry Highlights Road Connectivity Achievements
Union Minister for Rural Development and Agriculture & Farmers’ Welfare, Shri Shivraj Singh Chouhan, shared key achievements of the Ministry of Rural Development for 2024. Of the ₹1.84 lakh crore budget allocated to the ministry