Ircon International (IRCON) has signed a Memorandum of Understanding (MoU) with National Investment and Infrastructure Fund (NIIFL) and Ayana Renewable Power (AYANA), a NIIF platform company to explore and collaborate on opportunities in the solar energy sector.
According to the MoU, NIIFL and IRCON will evaluate strategic partnerships across infrastructure projects and have agreed in principle to identify, bid and execute solar energy projects through joint ventures/consortium arrangements. The partnership will further consider suitable opportunities for solar energy production for Indian Railways as they intend to increase the share of renewables in their overall energy mix. This collaboration will enable execution of renewable energy projects at scale by utilizing the complementary strengths of all partners.
Ircon International is an integrated Indian engineering and construction company, specializing in major infrastructure projects, including, railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, EHV sub stations, electrical and mechanical works, commercial and residential properties, development of industrial areas, and other infrastructure activities
