Ircon International Limited announced on Friday that it has received a Letter of Acceptance (LOA) from the Mumbai Metropolitan Region Development Authority (MMRDA) for a significant contract under Mumbai Metro Rail Project’s Line-6. The contract, valued at approximately ₹642.44 crore and €2.79 million (inclusive of all taxes and charges except GST and customs duty), involves the design, manufacture, supply, installation, integration, testing, and commissioning of power supply and traction systems, E&M, lifts and escalators.
The scope of work also includes five years of comprehensive maintenance after a two-year defect liability maintenance period. The project is to be executed over a design-build period of 104 weeks, followed by the maintenance phases.
The work pertains to Package-2 of Line-6 (Swami Samarth Nagar to Vikhroli EEH) of the Mumbai Metro, and has been awarded by a domestic entity. Ircon clarified in its filing that neither its promoters nor group companies have any interest in MMRDA, and the transaction does not qualify as a related-party transaction.
This contract underscores Ircon’s continued presence in the infrastructure and urban transport sector, building on its track record of executing complex metro and railway projects across India.
Disclaimer: The information provided is based on the company’s stock exchange filing and is for informational purposes only. It should not be construed as investment advice. Please consult your financial advisor before making any investment decisions.
