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Ircon International incorporates subsidiary company

24 Dec 2021 Evaluate

Ircon International has incorporated a Wholly Owned Subsidiary Company named ‘Ircon Ludhiana Rupnagar Highway’ on December 24, 2021 as a Special Purpose Vehicle for the purpose of construction of four six lane Greenfield Ludhiana Rupnagar National Highway no. NH-205K from junction with NE-5 village near Manewal (Ludhiana) to junction with NH-205 near Bheora Village (Rupnagar) including spur to Kharar with Ludhiana bypass under Bharatmala Pariyojana in the State of Punjab on Hybrid Annuity Mode: Package-3 (Design Ch.66.440 to Design Ch.90.500 and spur to kharar Design Ch.0.000 to Design Ch.19.200, total length 43.26 km). The Company has subscribed to 50,000 equity shares of Rs 10 each aggregating to Rs 5,00,000.

Ircon International is an integrated Indian engineering and construction company, specializing in major infrastructure projects.

Peers
Company Name CMP
Larsen & Toubro 3790.05
Kalpataru Projects 1378.00
NCC 130.50
Rail Vikas Nigam 204.10
KEC International 392.20
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