Ircon International and JV Partner Secure INR 763 Million Contract for Agartala Smart Grid Project
Ircon International Limited, in a joint venture with M/s Badri Rai & Company, has secured a major contract from the Tripura State Electricity Corporation Limited (TSECL). The order pertains to extensive work related to the development and implementation of the Agartala Smart Grid in Tripura.The total value of the works contract awarded by TSECL is INR 763,10,28,794/- (including GST @18%). Ircon International Limited, serving as JV Partner-2 with a 26% shareholding, secured a portion of this deal valued at INR 198,40,67,486.40. M/s Badri Rai & Company, the Lead Partner and JV Partner-1, holds a 74% share in the contract.The agreement...