NSEBagging/Receiving of orders/contracts23 Jun 2026 · 23 Jun 2026, 02:45 pm

Bagging/Receiving of orders/contracts

Ircon International Limited · IRCON

✦ AI Summary▲ PositiveOrder Win

Ircon International Limited, in a Joint Venture (JV) with M/s Badri Rai & Company (Ircon's share 26%), has received a Letter of Award from Tripura State Electricity Corporation Limited (TSECL). The domestic works contract is valued at INR 763.10 Crores (including GST), with Ircon's share amounting to approximately INR 198.41 Crores. The project involves the design, engineering, supply, erection, testing, and commissioning of an Underground Power Cable Network and Smart Grid applications for the Agartala Municipality Area. This significant order is to be executed within 24 months, enhancing the company's order book and future revenue visibility.

Analysis Scores

Earnings Impact8/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment8/10

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Full Announcement

Ircon International Limited has informed the Exchange about Bagging/Receiving of orders/contracts

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IRCON_23062026144430_STXINTIMATIONLOA.pdf

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IRCON/SECY/STEX/124 23rd June, 2026 BSE Limited National Stock Exchange of India Limited Listing Dept./ Dept. of Corporate Services Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C-1, G Block, Dalal Street, Bandra –Kurla Complex, Mumbai – 400001 Bandra (East), Mumbai – 400051 पी. जे. टावस(cid:330), दलाल (cid:720)(cid:332)ीट, ए(cid:411)च(cid:336)ज (cid:600)ाजा, (cid:600)ॉट नं सी-1, जी (cid:624)ॉक, मुंबई– 400001 बां(cid:363)ा-कु ला(cid:330) कॉ(cid:817)(cid:600)े(cid:411), बां(cid:363)ा (पूव(cid:330)), मुंबई-400051 Scrip code / ID: 541956 / IRCON Scrip Code: IRCON Sub.: Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Receipt of Letter of Award (LOA) from Tripura State Electricity Corporation Limited (TSECL). Dear Sir/ Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [“SEBI (LODR) Regulations”], it is to inform that IRCON in Joint Venture with M/s Badri Rai & Company (Lead Partner/ JV Partner-1) in the ratio of 26:74 respectively has been awarded with works contract by TSECL, as per details mentioned below: Particulars Name of the entity awarding order(s)/ Tripura State Electricity Corporation Limited contract(s); (TSECL) Significant terms and conditions of Design, Engineering, Manufacture, Assembly, order(s)/contract(s) awarded in brief; Inspection, Testing at Manufacturer's Works before Dispatch, Packing, Supply, Delivery at Site, Including Insurance during Transit, Subsequent Storage at delivery location(s), Erection, Testing and Commissioning of Under Ground Power Cable Network (HT & LT), Smart Grid Applications including Supervisory Control and Data Acquisition (SCADA), Advanced Distribution Management System (ADMS), Outage Management System (OMS), GIS Mapping & integration, Under Ground OFC Communication System by laying of Optical Fiber Cable (OFC), Integration with third party IT application softwares & hardwares (such as Billing, ERP, & CIS) along with Underground Power Cable and establishment of Smart Grid Control Centre (Main & Backup) with Distribution Network Automation (DNA) including facility management and O&M of system in Agartala Municipality Area, Tripura (Package-A) of Agartala Smart Grid Whether order(s) / contract(s) have Domestic Entity been awarded by domestic/ international entity; Nature of order(s) / contract(s); Works Contract -1(63)/GM(Tech)/TSECL/2026- 27/C-302244/90-101 Dated 22.06.2026 Whether domestic or international; Domestic Work Time period by which the 24 Months order(s)/contract(s) is to be executed; Broad consideration or size of the INR 763,10,28,794/- (Including GST @ 18%). order(s)/contract(s); (Rupees Seven Hundred Sixty Three Crores Ten Lakh Twenty Eight Thousand Seven Hundred and Ninety Four only) Joint Venture of Badri Rai & Company (BRC) (Lead Partner/JV Partner-1 with 74% Share): INR 564,69,61,307.60 (Rupees Five Hundred Sixty Four Crores Sixty Nine Lakh Sixty One Thousand Three Hundred Seven and Six Zero paisa only) Ircon International Limited (JV Partner-2 with 26% Share): INR 198,40,67,486.40 (Rupees One Hundred Ninety Eight Crores Forty Lakh Sixty Seven Thousand Four Hundred Eighty Six and Four Zero paisa only) Whether the promoter/ promoter group/ No group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof; Whether the order(s)/contract(s) would No fall within related party transactions? If yes, whether the same is done at “arm’ s length” Reason for delay (if any) N.A. ध(cid:586)वाद ((cid:366)ितभा अ(cid:356)वाल)/ (Pratibha Aggarwal) सद(cid:735)ता (cid:354). /Membership No.: F8874 Date and Time of Event :22nd June, 2026 at 2244 Hrs.