Ircon Bags Major Mumbai Metro Line 6 Contract! πŸ—οΈ

Published: Jul 18, 2025 19:53

Big news from the infrastructure world! Ircon International Limited (IRCON) has just announced a significant win, securing a Letter of Acceptance (LOA) from the Mumbai Metropolitan Region Development Authority (MMRDA) for a crucial part of the Mumbai Metro Rail Project.

This isn’t just any contract; it’s for Package-2 of Mumbai Metro Line 6, specifically the stretch from Swami Samarth Nagar to Vikhroli (EEH). Ircon will be responsible for the entire lifecycle of key systems, including:

But wait, there’s more! This contract also includes a long-term commitment: 5 years of Comprehensive Maintenance after a 2-year Defect Liability Maintenance Period. This means Ircon will be involved in ensuring the smooth operation of these vital systems for years to come, which is great for long-term revenue visibility.

Financially, this is a substantial deal. The contract is valued at INR 642,44,02,451.34 (that’s over 642 Crores!) and EURO 2,788,168.31. This makes it a significant boost to Ircon’s order book.

In terms of timeline, the design-build period is set for 104 weeks, followed by the extensive maintenance phases. This domestic project highlights Ircon’s continued expertise and strong presence in India’s rapidly expanding urban infrastructure sector.

This win underscores Ircon’s capabilities in executing complex metro projects and solidifies its position as a key player in India’s infrastructure development. It’s certainly a positive development for the company and the ongoing efforts to enhance Mumbai’s public transport network! πŸš‡

source: Corporate Announcement