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IRCON upgraded to “Navratna” by Dept. of Public Enterprises

Oct 12th, 2023 9:50 pm | By | Category: LATEST NEWS


(THE NEWSMAN OF INDIA.COM)
New Delhi, 12thOctober, 2023 – The Department of Public Enterprises (DPE), Govt. of India has upgraded IRCON to “Navratna” status on 12th October, 2023. This recognition is testimony to company’s continuous performance, commitment and contribution. With the grant of “Navratna” status the company should benefit in enhancing the market credibility and in undertaking larger size PPP projects.IRCON is a leading Public Sector company in the field of construction of Railways, Highways,
High speed rail and Dedicated freight corridors. The company has posted a consolidated annual turnover of Rs.10,750 crore and Profit after Tax of Rs.765 crore in the Financial Year 2022-23.On this momentous occasion, Brijesh Kumar Gupta, CMD, IRCON said that IRCON has achieved this feat owing to its strong legacy in railway and other infrastructure sector. We extend our heartfelt gratitude to the Ministry of Railways, Department of Public Enterprises, Department of Investment & Public Assets Management, Ministry of Finance under whose valuable guidance and support, IRCON has been able to achieve this milestone. We also thank all our clients, vendors, auditors including C&AG and bankers for their continuous and unwavering support. This historic moment would not have been possible without the untiring efforts and unwavering contribution of our workforce and stakeholders, past and present. We shall continue to perform with greater zest and aspire to achieve greater heights.

About Ircon International Limited (https://www.ircon.org)
Ircon International Limited is a “Navratna”, Public Sector Enterprise and a leading turnkey Construction Company in the public sector known for quality, commitment and consistency in terms of performance. The core competence of IRCON is in Railways, Highways & Extra High Tension substation engineering and Construction. The company has executed projects operated in the areas of Railway construction including ballast less track, electrification, tunneling, signal & telecommunication as well as leasing of locos, construction of roads, highways, commercial, industrial & residential buildings and complexes, airport runway and hangars, metro and mass rapid transit system, etc. IRCON has widespread operations in several states in India and other countries (Malaysia, Nepal,Bangladesh, South Africa, Algeria and Sri Lanka).

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