According to an exchange filing in the BSE, IRCON International Ltd has bagged a contract worth around Rs 750 crore from Rail Vikas Nigam Ltd for “design, supply, installation, testing and commissioning of broad gauge ballastless track”.
The project will be constructed to connect the new BG line between Rishikesh and Karnaprayag in Uttarakhand, stretching up to 125 km.
The contract also includes supply of ballast and installation of track (excluding supply of rails and track sleepers).
It will be completed through a joint venture of IRCON-Paras Railtech Pvt. Ltd. and PCM Stresscon Overseas Ventures Ltd. in the ratio of 60:25:15 respectively.
It is to be completed within a period of 42 months.