IRCON International emerges L1 bidder for tender worth Rs392 crore

Ircon International Limited (IRCON) has emerged as the Lowest Bidder (L1) for construction of balance work of Bahuti Canal Project on TURNKEY basis including completion of earth work of main canal system from RD 18 to 74 km & other ancillary activities.

The project was floated by Government of Madhya Pradesh- Water Resources Department on competitive bidding and value of the project is approx. Rs392.52 crore (Quoted value).

Further, the project duration is 36 months and MOM (Management, Operation and Maintenance) period will be 60 months.

“Letter of Award is yet to be issued by Government of Madhya Pradesh – Water Resource Department”, the company said in a filing on Thursday.

On Friday, at around 9:18 AM, Ircon International Ltd is currently trading at Rs56.25 per share up by Rs0.05 or 0.09% from its previous closing of Rs56.20 per share on the BSE.

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