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 outlines a comprehensive scope of work that covers various technical aspects of modernizing the power network within Agartala Municipality Area. These tasks include the Design, Engineering, Manufacture, Assembly, Inspection, Testing at Manufacturer's Works before Dispatch, and subsequent Delivery at Site. The project encompasses establishing an Under Ground Power Cable Network (HT & LT), integrating Smart Grid Applications such as Supervisory Control and Data Acquisition (SCADA) and Advanced Distribution Management System (ADMS).
Key components of the contract include:
- Under Ground OFC Communication System by laying of Optical Fiber Cable (OFC).
- Integration with third party IT application softwares and hardwares, including Billing, ERP, and CIS.
- Establishment of a Smart Grid Control Centre (Main & Backup) complete with Distribution Network Automation (DNA).
- Facility management and Operations and Maintenance (O&M) of the entire system in Agartala Municipality Area.
The contract is identified as a domestic work order and carries a total execution period of 24 months, with the agreement dated 22.06.2026.
Financial breakdown and project details are summarized below:
| Detail | Value/Entity |
|---|---|
| Awarding Entity | Tripura State Electricity Corporation Limited (TSECL) |
| Total Contract Value | INR 763,10,28,794/- (Including GST @18%) |
| Ircon International Limited Share (JV Partner-2 / 26%) | INR 198,40,67,486.40 |
| M/s Badri Rai & Company Share (Lead Partner / 74%) | INR 564,69,61,307.60 |
| Execution Period | 24 Months |
IRCON Stock Price Movement
As of 3:15 PM, shares of Ircon International Limited are shedding 1.71% in live trading, with the stock currently standing at ₹136.75 after falling by ₹2.38 per share.The equity has seen a volume of 2.41 million shares traded during the active session.
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