Ircon International has incorporated a subsidiary and Joint Venture Company named ‘Ircon Renewable Power’ on January 13, 2022 as Special Purpose Vehicle (with 76% shareholding of Ircon International and 24% shareholding of Ayana Renewable Power) for setting up of 500 MW Grid Connected Solar PV Project awarded by Indian Renewable Energy Development Agency.
The company has subscribed to 38,00,000 equity shares of Rs 10 each aggregating to Rs 3,80,00,000. Ircon Renewable Power is incorporated in India and is yet to commence its business operations.
Ircon International is an integrated Indian engineering and construction company, specializing in major infrastructure projects.
