IRCON Intl gets LoA for Myanmar-based project from MEA

IRCON Worldwide mentioned that it has been appointed as ‘mission implementation company’ for a highway mission in Myanmar by Ministry of Exterior Affairs (MEA), Authorities of India.

The mission entails the development of a highway from Paletwa (Myanmar) to Zorinpuri (Mizoram) below Kaladan Multi-Modal Transit Transport Mission (KMMTTP) in Myanmar at a lump sum value of Rs 1780 crore on engineering, procurement, and building (EPC) mode. The length of the mission shall be forty months.

IRCON Worldwide is an engineering and building, specialised in transport infrastructure and is wholly owned by the Ministry of Railways. As of 31 December 2021, the Authorities of India held 73.18% stake within the firm.

The corporate’s consolidated internet revenue rose 32.74% to Rs 135.53 crore on a 30.08% enhance in gross sales to Rs 1761.85 crore in Q3 FY22 over Q3 FY21.

The scrip superior 2.04% to finish at Rs 40.10 on the BSE yesterday.

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(This story has not been edited by Enterprise Commonplace employees and is auto-generated from a syndicated feed.)

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