MADHYA PRADESH (Metro Rail News): Rail Vikas Nigam Limited (RVNL) has issued a Letter of Acceptance (LoA) to the IRCON International Ltd.–JPWIPL Joint Venture for the execution of civil works for a new broad-gauge railway line from Pipaliya Nankar (excluding) to Budni (including), falling under the Indore–Budni section of the West Central Railway zone. The contract amounts to ₹755.78 crore.
Scope of work: Under this contract, IRCON is responsible for the Construction of Roadbed, Minor Bridges, Buildings, Installation of Track (Excluding Supply of Rails, Sleeper, & Thick Web Switches), and other Civil Engineering and General Electrical Works in connection with New BG Railway Line Between Pipaliya Nankar (Excl.) Budni (Incl.) Stations (Chainages 129.000 198.000 Km) in Indore-Budni section of Bhopal Division West Central Railway in Madhya Pradesh State, India.
The scope of the item rate contract includes a 36-month execution timeline, followed by a six-month defect liability phase to ensure quality and performance.
The total contract value stands at ₹755.78 crore (inclusive of GST). Under the joint venture arrangement, IRCON holds a 70% equity stake, corresponding to a contractual share of ₹529.04 crore, while the remaining 30% share, amounting to ₹226.74 crore, is allocated to JPWIPL.
Apart from this contract, IRCON International Limited has also secured two additional contracts worth ₹1,113.7 crore from the Mumbai Metropolitan Region Development Authority (MMRDA) for electrical works on Mumbai Metro Line 5 and Line 6. [Read more here].
