IRCON Secures Major Mumbai Metro Line 5 Project! 🏗️

Hey there, finance enthusiasts!

We’ve got some exciting news from the infrastructure sector! Ircon International Limited (IRCON) has just announced a significant win, securing a major contract from the Mumbai Metropolitan Region Development Authority (MMRDA) for the Mumbai Metro Rail Line 5 Project. This is a big deal, and here’s why.

What’s the Buzz?

IRCON has been awarded the CA-239, Line-5, Package-2 contract. In simple terms, this means they’ll be handling a crucial part of the Mumbai Metro Line 5, which is set to connect Thane, Bhiwandi, and Kalyan, significantly boosting connectivity in the Mumbai Metropolitan Region. 🚆

Digging into the Details:

The scope of work is quite comprehensive! It includes the design, manufacture, supply, installation, integration, testing, and commissioning of a 220 kV receiving substation. Think of this as the power hub for the metro line. Beyond that, IRCON will also be responsible for extensive cabling work (220 kV, 33kV & 25kV), the complete 25kV Overhead Catenary System (that’s the power supply system for the trains!), and the 33kV Auxiliary Power Distribution System, including auxiliary substations.

But wait, there’s more! The contract also covers the complete SCADA System (for monitoring and control), electrical and mechanical works, and even the installation of lifts and escalators for parts of the Main Line, Stations, and the Kasheli Depot.

Long-Term Commitment:

This isn’t just a build-it-and-leave-it project. The contract includes a Design-Build Period of 108 weeks, followed by a 2-year Defects Liability Maintenance Period (DLMP), and then a substantial 5 years of comprehensive maintenance after the DLMP is completed. This long-term engagement ensures sustained revenue and a deeper involvement in the project’s lifecycle.

The Financials:

Now for the numbers! The total value of this contract is a hefty INR 471,29,72,820 (that’s over INR 471 Crores!) plus EURO 2,837,178 (approximately EURO 2.84 Million). This significant sum underscores the scale and importance of the project for IRCON’s order book. 💰

This new win solidifies IRCON’s position in India’s rapidly expanding urban infrastructure landscape, particularly in the metro rail sector. It’s a testament to their expertise in executing complex, multi-faceted projects. Keep an eye on how this project unfolds! 🏗️

source: Corporate Announcement

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