CMD IRCON

ircon-and-rzd-international-russia-sign-mou-for-joint-development-of-infrastructure-projects

IRCON and RZD International Russia, sign MoU for joint development of Infrastructure projects

Ircon International Limited (IRCON), has signed a Memorandum of Understanding with RZD International LLC, a subsidiary of state-owned Russian Railways Company to explore opportunities for joint development of railways and other infrastructure projects in Asia, Africa and Latin America.

 

As per the MoU, both parties have agreed to form a joint Indian – Russian working group. This group will look into ways of developing a strong partnership to coordinate, plan, and subsequently implement projects in the field of railways and other infrastructure not only in India but also in countries of mutual interest.

 

The MoU was signed by Parag Verma, Chief General Manager (Business Development), IRCON International Limited and Sergey Stolyarov, Provisional Director-General of RZD International LLC.

 

Commenting on the MOU IRCON CMD S K Chaudhary said, “IRCON has been constantly looking to establish a strong partnership with the companies, wherein we can mutually benefit from our expertise. This MOU is a step towards building a long term business relationship which will help us to enhance our presence in different geographies’’.

CLICK to know more about Ircon International Limited

CLICK to know more about RZD International

15 May 2020
ircon-contributes-rs-15.5-crore-more-to-pm-cares

IRCON contributes Rs 15.5 crore more to PM CARES

IRCON has come forward to provide additional financial assistance of Rs 15.5 crore to PM CARES Fund for fighting COVID-19 which is in addition to Rs 5 crore assistance announced earlier. With Company’s total contribution to PM-CARES Fund now amounts to Rs 20.5 crore including the contribution of Rs 51 lakh by the employees.

IRCON CMD S K Chaudhary said, “Covid-19 is one of the biggest challenges that our country is facing and it has been unprecedented in its severity. We at IRCON, has always been at the forefront in times of need for the country. The biggest need at this time is to be united and strengthen the hands of the Government of India. We as a responsible company have been assessing the situation and have decided to enhance our contribution.” IRCON, through the years has been partnering with the Government towards nation-building.

11 Apr 2020
ircon-and-rzd-international-russia-sign-mou-for-joint-development-of-infrastructure-projects

IRCON and RZD International Russia, sign MoU for joint development of Infrastructure projects

By IndianMandarins 15 May 2020

Ircon International Limited (IRCON), has signed a Memorandum of Understanding with RZD International LLC, a subsidiary of state-owned Russian Railways Company to explore opportunities for joint development of railways and other infrastructure projects in Asia, Africa and Latin America.

 

As per the MoU, both parties have agreed to form a joint Indian – Russian working group. This group will look into ways of developing a strong partnership to coordinate, plan, and subsequently implement projects in the field of railways and other infrastructure not only in India but also in countries of mutual interest.

 

The MoU was signed by Parag Verma, Chief General Manager (Business Development), IRCON International Limited and Sergey Stolyarov, Provisional Director-General of RZD International LLC.

 

Commenting on the MOU IRCON CMD S K Chaudhary said, “IRCON has been constantly looking to establish a strong partnership with the companies, wherein we can mutually benefit from our expertise. This MOU is a step towards building a long term business relationship which will help us to enhance our presence in different geographies’’.

CLICK to know more about Ircon International Limited

CLICK to know more about RZD International

ircon-contributes-rs-15.5-crore-more-to-pm-cares

IRCON contributes Rs 15.5 crore more to PM CARES

By IndianMandarins 11 Apr 2020

IRCON has come forward to provide additional financial assistance of Rs 15.5 crore to PM CARES Fund for fighting COVID-19 which is in addition to Rs 5 crore assistance announced earlier. With Company’s total contribution to PM-CARES Fund now amounts to Rs 20.5 crore including the contribution of Rs 51 lakh by the employees.

IRCON CMD S K Chaudhary said, “Covid-19 is one of the biggest challenges that our country is facing and it has been unprecedented in its severity. We at IRCON, has always been at the forefront in times of need for the country. The biggest need at this time is to be united and strengthen the hands of the Government of India. We as a responsible company have been assessing the situation and have decided to enhance our contribution.” IRCON, through the years has been partnering with the Government towards nation-building.

ircon-registers-a-profit-of-21%-in-second-quarter-of-current-fiscal

IRCON registers a profit of 21% in second quarter of current fiscal

By IndianMandarins 22 Nov 2019

IRCON International Ltd has announced its second quarter results for 2019-20 financial year. The company has recorded revenue from operations of Rs 1161 crore, a growth of 21 per cent from the corresponding year that was Rs.962 crore. Increase in revenue from operations is due to increase in domestic revenue.

Profit after tax has increased to Rs.87.70 crore in the present quarter as compared to Rs.83.57 crore in the same quarter last financial year. EBITDA has also increased to Rs146 crore in quarter ended September, 2019 as compared to Rs.133 crore in the corresponding period FY19. Order Book of the company stands at Rs.32,393 crore comprising of Rs.30,333 crore of Railway projects.

ircon-registers-a-jump-of-13.47%-in-operating-income

IRCON registers a jump of 13.47% in operating income

By IndianMandarins 06 Sep 2019

In its 43rd Annual General Meeting held on September 03 in New Delhi IRCON CMD S K Chaudhary addressed shareholders informing about achievements of the company for financial year 2018-19.

 

Chaudhary said, "The operating income has registered an increase of 13.47% from Rs 3,891 crore in 2017-18 to Rs 4415 crore in 2018-19. The profit before tax and profit after tax for the year under review were Rs 615 crore and Rs 445 crore respectively registering an increase of 16.04% and 14.69% respectively over the previous year.”

ircon-sets-target-for-2019-20-in-a-mou-signed-with-railway-ministry

IRCON sets target for 2019-20 in a MoU signed with Railway Ministry

By IndianMandarins 11 Jun 2019

Government owned Infrastructure and transport giant IRCON International Limited has signed a memorandum of understanding with Ministry of Railways to set the targets for the company for the current financial year 2019-20.

 

An IRCON Press release issued on Tuesday, June 11, in New Delhi said that the MoU was signed by IRCON CMD S K Chaudhary on the company’s behalf and Secretary Railway Board Sushant Kumar Mishra on behalf of the Ministry of Railway at a simple event held at Rail Bhawan in the Capital.

free stat counter

Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.