IRCON awarded contract for canal project in MP
WATER & WASTE

IRCON awarded contract for canal project in MP

The construction company claimed that it was chosen as the lowest bidder (L1) for the turnkey construction of the remaining portions of the Bahuti Canal project.

The project involves finishing the earthwork for the main canal system from RD 18 to 74 km as well as other ancillary tasks.

The Water Resources Department of the Government of Madhya Pradesh put the project out to competitive bidding. The project's estimated value is about Rs 3.92 billion. The project will last 36 months, with a 60-month MOM (Management, Operation, and Maintenance) period. "The Letter of Award is yet to be issued by Government of Madhya Pradesh - Water Resource Department," the company said.

IRCON International is a public construction firm that focuses on infrastructure projects and has expertise in carrying out railroad projects in a variety of ways, including on a turnkey basis. At the end of September 2022, the Government of India (GoI) owned 73.18% of the company.

On a consolidated basis, the company's net profit increased by 38.3% to Rs 1.74 billion in Q2 FY23 from Q2 FY22, driven by a 47% increase in operating revenue to Rs 22.38 billion On the BSE, the share price of IRCON was down 3.13% at Rs 55.70.

See also:
MP clears new Rs 110-bn project under Jal Jeevan Mission
CM Gehlot demands national project status for East Rajasthan Canal


The construction company claimed that it was chosen as the lowest bidder (L1) for the turnkey construction of the remaining portions of the Bahuti Canal project. The project involves finishing the earthwork for the main canal system from RD 18 to 74 km as well as other ancillary tasks. The Water Resources Department of the Government of Madhya Pradesh put the project out to competitive bidding. The project's estimated value is about Rs 3.92 billion. The project will last 36 months, with a 60-month MOM (Management, Operation, and Maintenance) period. The Letter of Award is yet to be issued by Government of Madhya Pradesh - Water Resource Department, the company said. IRCON International is a public construction firm that focuses on infrastructure projects and has expertise in carrying out railroad projects in a variety of ways, including on a turnkey basis. At the end of September 2022, the Government of India (GoI) owned 73.18% of the company. On a consolidated basis, the company's net profit increased by 38.3% to Rs 1.74 billion in Q2 FY23 from Q2 FY22, driven by a 47% increase in operating revenue to Rs 22.38 billion On the BSE, the share price of IRCON was down 3.13% at Rs 55.70. See also:MP clears new Rs 110-bn project under Jal Jeevan MissionCM Gehlot demands national project status for East Rajasthan Canal

Next Story
Infrastructure Urban

CONCOR Launches Double-stack Service Between NCR and Varnama

State-run Container Corporation of India (CONCOR) has launched double-stack container train services between the National Capital Region (NCR) and Varnama near Baroda. This initiative aims to facilitate customers at Nhava Sheva near Mumbai, home to Jawaharlal Nehru Port (J N Port). On December 21, the first double-stack container train from Khatuwas and Dadri in NCR reached CONCOR’s Gati Shakti Multimodal Cargo Terminal (GCT) at Varnama, situated along the Western Dedicated Freight Corridor (WDFC). The train carried export cargo destined for J N Port, according to a statement from the state..

Next Story
Infrastructure Transport

Less than 10% of Rs 40 Billion State-aid for Shipbuilding Utilised

A government-sanctioned financial assistance program worth Rs 40 billion, intended to support local shipbuilders over a decade starting in April 2016, has seen minimal utilisation, with only Rs 3.85 billion—less than 10 per cent of the total fund—disbursed thus far. With 15 months remaining before the scheme concludes, its uptake has been limited. The financial aid applies to shipbuilding contracts signed between April 1, 2016, and March 31, 2026. According to a written response provided by Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal to the Rajya Sabha on December ..

Next Story
Infrastructure Transport

Civil Aviation Minister Opens New ATC Tower at Indore Airport

The Minister for Civil Aviation, Ram Mohan Naidu Kinjarapu, inaugurated the new Air Traffic Control (ATC) Tower-cum-technical block at Devi Ahilyabai Holkar International Airport in Indore, Madhya Pradesh. During the inauguration, the minister toured the facility, where ATC experts explained various technical aspects of tracking and coordinating flights from the newly constructed tower. In addition to the ATC tower, the airport has also introduced a zero-waste plant. The union minister confirmed that this initiative aligns with the government’s commitment to sustainability. Minister Ki..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000