Established in 1976, IRCON International Limited is a noted name in transport infrastructure engineering and construction. It primarily operates in rehabilitating existing railway lines, constructing new lines, electrifying railway tracks, and building tunnels, bridges, and station buildings.
However, the company is expanding beyond the tracks beyond its traditional role. Let’s discuss this.
IRCON Notable Projects Across Segments
Here are the key IRCON projects that not only improve the company’s profitability but also boosts IRCON share price.
Highways and Roads
The company has strategically diversified into the highways and roads sector. It has upgraded roads from Kattumavadi to Nagapattinam and executed the construction of the Thiruthuraipoondi, Muthupet, and Nagapattinam bypasses. This entire Tamil Nadu Road Sector Project was executed in a joint venture with SMJ Indonesia, with a project valuation of ₹1,367 million.
The company was also involved in the four-lane project from Bikaner and Phalodi in Rajasthan and Shivpuri to Guna in Madhya Pradesh. It has also upgraded rural roads under PMGSY Projects in Gumla, Garhwa, Simdega, Ranchi, and Logardaga in Jharkhand.
Bridges and Tunnels Projects
IRCON’s achievements in bridge construction are exemplified by the Chenab Bridge in Jammu and Kashmir, part of the USBRL project, which is set to become the world’s highest railway bridge.
In the tunneling industry, IRCON has made a significant contribution through the Sivok-Rangpo Railway Line, a tunnel construction project in the challenging terrain of the Eastern Himalayas aimed at enhancing connectivity between West Bengal and Sikkim.
Solar Projects
IRCON is strengthening its presence in solar energy in collaboration with Ayana Renewable Power and NIIFL.
A major undertaking by IRCON is a ₹2,400-crore, 500 MW solar power plant under the CPSU Scheme Phase-II.
The commissioning of this project has been deferred to September 2025. The project is funded through a combination of VGF, external loans, and equity.
Airport Project
The new Integrated Terminal at Shirdi Airport, developed by IRCON, will cater to 1200 passengers simultaneously (600 departing and 600 arriving).
With a total area of 574,000 square feet and a construction budget of ₹527 crore, the terminal will feature advanced facilities.
International Venture
Another reason for the boost for this one of the popular railway stocks is its business expansion to more than 25 countries, where it has completed over 128 projects related to EHV substation engineering, highways, and construction.
Here are some noted projects:
- IRCON has successfully built the 2nd Bhairab Railway Bridge and its approach rail lines in Bangladesh. Another key initiative is the Khulna-Mongla Port Rail Line, which focuses on improving logistics by constructing culverts, embankments, bridges, and tracks.
- The Chabahar-Zahedan Railway project in Iran is another famous project. This project is integral to the North-South Transport Corridor and is designed to enhance regional connectivity with Afghanistan, improving trade and economic growth. This project includes a new railway connecting Chabahar Port to Zahedan, slated to join the Trans-Iranian Railway network later.
- The Seremban-Gemas Electrified Double Track Project (SGEDT) in Malaysia is drawing considerable attention. Spanning 98 kilometers, the project seeks to electrify and double-track the railway line between Seremban and Gemas, aiming for greater efficiency.
- The Kaladan Multi-Modal Transit Transport Project (KMTTP) in Myanmar aims to provide an alternative transportation route for the landlocked northeastern states of India. The project involves building a deep-water port at Sittwe in Rakhine State, developing an inland waterway along the Kaladan River, and constructing a road from Paletwa to the India-Myanmar border.
Conclusion
IRCON’s expansion beyond railway infrastructure shows its adaptability and vision for the future. By diversifying into sectors like highways, bridges, tunnels, solar energy, and international projects, it is positioning itself as a key player in global infrastructure development. This broadening of scope demonstrates IRCON’s commitment to creating lasting value and contributing to sustainable growth worldwide.
