Ircon International Limited announced that it has been awarded a LOA for the work of design, supply, installation, testing and commissioning of broad gauge ballastless track (BLT), supply of ballast and installation of track (excluding supply of rails and track sleepers) between chainage 6+015 (FLS) to 125+200 (FLS) in connection with New BG line between Rishikesh and Karanprayag (125km) in the state of Uttarakhand, India through a Joint Venture that is Ircon International Limited - Paras Railtech Private Limited - PCM Strescon Overseas Ventures Limited [IRCON-PARAS-PCM (JV)] in the ratio of 60:25:15 respectively. Nature of order(s) /contract(s): Item Rate Contract. Time period by which the order(s)/contract(s) is to be executed: 42 months.

Broad consideration or size of the order(s)/contract(s): INR 7,508,279,068.08 including GST. The project has been awarded to the IRCON-PARAS-PCM JV in the ratio of 60:25:15 respectively.