Ministry of Railways and, Indian Railway Construction Company, International Ltd (IRCON) a Central PSU under the administrative control of the Ministry of Railways, signed an MoU with Ministry of Railways. IRCON is implementing several Rail, Road & other construction sector projects in India as well as abroad.
The MoU was signed on May 22, 2018 by Railway Board Secretary, Shri Ranjanesh Sahai and IRCON, Chairman and Managing Director, Shri S.K. Chaudhary and laid down the targets for 18-19, both financial and physical, for various important Projects.
As per targets under MoU, IRCON has projected revenue from operations of Rs. 4200 cr. and other targets for important National projects like USBRL project, Jogbani – Biratnagar Rail Link, Jainagar – Bijalpura, Shivpuri Guna and Bikaner – Phalodi Highway Project etc.