This new contract is for installing a railway safety system called KAVACH. The work includes survey, design, supply, installation, testing, and commissioning of the KAVACH system, along with other related work. The project will cover 778 kilometers of railway tracks across the Bengaluru and Mysuru Divisions of the South Western Railway.
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IRCON said the project is expected to be completed within 18 months from the date the Letter of Acceptance (LOA) is issued. The company also confirmed that this contract does not involve any related party transactions, and none of the promoters or related groups have any interest in the project.
The announcement was made on 20 May 2025, after the stock market had closed for the day.
IRCON International is a Navratna public-sector company known for large railway and highway construction projects. It operates in various Indian states and also in countries like Malaysia, Nepal, Bangladesh, South Africa, Algeria, Myanmar, and Sri Lanka.
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However, in the third quarter of December 2024, the company’s performance declined. Its net profit dropped by 64.81% to ₹86.10 crore, and its revenue fell by 10.81% to ₹2,612.86 crore, compared to the same quarter in 2023.
