Stories
IRCON International Secures Rs 96 Crore Railway Tunnel Communication Contract
- •State-owned IRCON International Ltd secured a Rs 96.25 crore contract from Konkan Railway Corporation Ltd for the Katra-Banihal railway section.
- •The five-year comprehensive maintenance contract covers IP-based video surveillance, public address systems, and emergency communication facilities.
- •IRCON announced plans to challenge a Rs 23.64 crore arbitration award relating to a dispute with Afcons Infrastructure before the Delhi High Court.
- •The company reported a 43.6 percent decline in consolidated net profit to Rs 92.74 crore for the quarter ended June 30, 2026.
Key Questions Answered
IRCON International has secured a ₹96.25 crore contract from Konkan Railway Corporation Ltd to maintain communication systems in the Katra-Banihal railway section over a five-year execution period. The scope encompasses the comprehensive annual maintenance of the Integrated Tunnel Communication System, including IP-based video surveillance, public address systems, emergency facilities, and networking infrastructure across tunnels, bridges, and stations.
IRCON announced that it will challenge an arbitration award of ₹23.64 crore before the Delhi High Court. The dispute relates to work package T-74R-A with Afcons Infrastructure, where a minority tribunal issued a dissenting opinion awarding ₹23.64 crore following a majority tribunal's earlier award of ₹147.14 crore.
For the quarter ended June 30, 2026, IRCON reported a 43.6% year-on-year decline in consolidated net profit down to ₹92.74 crore compared to ₹164.5 crore in the previous year. However, the company's consolidated revenue from operations increased by 9.5% to ₹1,955.8 crore from ₹1,786.3 crore a year earlier.
