Ircon International (IRCON), a government company incorporated by the Central Government (Ministry of Railways) under the Companies Act, 1956 on April 28, 1976 originally under the name Indian Railway Construction Company Limited, is the leading turnkey construction company in the public sector known for its quality, commitment and consistency in terms of Performance. It offers Engineering Procurement and Construction (EPC) services on a lumpsum turnkey, EPC and item rate basis for various infrastructure projects. In addition to this, IRCON executes projects on Build, Operate and Transfer (BOT) mode and Hybrid Annuity Mode (HAM) by leveraging the financial strength of the Company to build long term wealth. IRCON is a specialized Constructions organization covering the entire spectrum of construction activities and services in the infrastructure sector. However, Railway and Highway Construction, EHP sub-station (engineering and constructions), and MRTS are the core competence areas of IRCON.

IRCON, a prominent public sector construction company in the Country, has established itself as a leader in Transportation Infrastructure, particularly in the execution of Railway Projects. The company is renowned for its high-quality solutions, unwavering commitment, and consistent performance. Over the years, IRCON has successfully completed numerous significant construction projects, both domestically and internationally. The company has actively pursued a strategy of diversification, expanding its presence in various sectors and geographical locations. While IRCON ventured into the field of Solar Power Development and Renewable Energy Sector, its primary focus and core strength have always remained firmly rooted in the railway sector. 

Service Portfolio

• Engineering, Procurement and Construction (EPC): IRCON owns construction equipment and machines for taking up complex projects on its own. Projects under EPC mode are efficiently executed by IRCON through design Optimization and Value Engineering.
• Public Private Partnership (PPP): The company offers major services in the category of PPP projects in the railways sector through a joint venture model along with the state government and other stakeholders under the DAFOT pattern on toll, annual institute, and mixed annual institute basis.
• Project Management & Consultancy (PMC): The company offers comprehensive wide-ranging PMC services from planning to commissioning in the entire spectrum of projects.
• Real Estate (RE): The company undertakes development, construction and leasing of office realty spaces and development of commercial real estate. 

Business area of the Company:

Ircon International is an integrated engineering and construction company having expertise in major infrastructure sectors including railways, highways, bridges, flyovers, tunnels, metro, railway electrification, Extra High Voltage (EHV) sub-stations, electrical and mechanical works, commercial and residential buildings, railway production units, amongst others. The company operates not only in a highly competitive environment but also in difficult terrains and regions in India and abroad and is an active participant in prestigious nation building projects.

Awards and Accreditations

2013-14

• Two Dun and Bradstreet Infra Awards 2013, one Silver Trophy for Top Infrastructure Company under the category Construction - Infrastructure Development – Mid, and another for best project under the category ‘Railways’ for Qazigund–Banihal section of J&K Rail Link project.
• India Pride Awards 2013-14 for ‘Excellence in Public Sector Undertakings - Central in India Image Enhancement’.
• Gold Trophy from EEPC for Export Excellence in the category of Top Merchant Exporter for the year 2012-13.
• Two ‘CIDC Vishwakarma Award 2014’ in the categories of best professionally managed company with a turnover of more than Rs 1,000 crore, and best construction project for Pir Panjal Railway Tunnel, J&K.

2014-15

• Asia Pacific HRM Congress Award 2014 for ‘Organisation with innovative HR Practices’.
• Dun and Bradstreet Infra Awards 2014, in the category of ‘Construction and Infrastructure Development (Railways)’.
• SCOPE Meritorious Award under the category of ‘Corporate Social Responsibility & Responsiveness’ for the year 2012-13.
• National Award for Excellence in Cost Management - 2013 instituted by Institute of Cost Accountants of India for ‘Excellence in Cost Management - Public Service Sector (Large)’.
• Vishwakarma Award 2015 from Construction Industry Development Council (CIDC) in the category of best professionally managed company with a turnover of more than Rs 1,000 crore.
• India Pride Awards 2014-15 instituted by Dainik Bhaskar for ‘Excellence in Public Sector Undertaking – Central in Infrastructure Development’.
• Dun and Bradstreet Top PSUs Awards 2015, in the category of ‘Contract & Construction sector’.

2015-16

• India Pride Awards 2014-15 instituted by Dainik Bhaskar for ‘Excellence in Public Sector Undertaking – Central in Infrastructure Development’.
• Dun and Bradstreet Top PSUs Awards 2015, in the category of ‘Contract & Construction sector’.
• Dun and Bradstreet Infra Awards 2015, for two categories viz. Top Infrastructure Company under the category of ‘Construction and Infrastructure Development (Railways)’ and ‘Best Construction project’ for Rail cum Road Bridge on river Ganga at Patna.
• CIDC Vishwakarma Award 2016 from Construction Industry Development Council (CIDC) in the category of best construction project for ‘Rail-cum-Road Bridge across River Ganga, Patna’.
• India Pride Awards 2015-16 instituted by Dainik Bhaskar for ‘Excellence CSR / Environment Protection and Conservation’.

2016-17

• India Pride Awards 2015-16 instituted by Dainik Bhaskar for ‘Excellence in Public Sector Undertaking - Central in CSR/Environment Protection and Conservation’.
• Dun & Bradstreet Infra Awards 2016, in the category of ‘Best Infrastructure Project: Setting up of Rail Coach Factory, Rae Bareli at Lalganj (U.P.) Phase-I Project’.
• Governance Now 4th PSU Awards 2016 in the category of ‘HR Initiative (Miniratna I)’.
• CIDC Vishwakarma Award 2017 from Construction Industry Development Council (CIDC) in the category of Best Construction Project for Railways Coach Factory, Rae bareli.

2017-18

• Dun & Bradstreet Infra Awards 2017, in the category of ‘Construction & Infrastructure Development (Railways)’.
• Governance Now 5 PSU Awards 2017 in the Financial category (Consistent Growth).
• Dainik Bhaskar India Pride Awards 2017-18 in the category of ‘Central PSU: Miniratna-Category-I’.

2018-19

• The company has won ET NOW - Stars of the Industry Award; 11th CIDC Vishwakarma Award for CSR practices in Raigarh (Chhattisgarh).
• Indian Building Congress (IBC) Award for Excellence in Built Environment for Modern Coach Factory, Rae Bareli project.
• Governance Now 6th PSU Awards 2018 in the Value Growth category for Mini Ratna-I companies.
• Rail Analysis Award for Infrastructure Project Excellence in India and Abroad.
• 8th EPC World Award for 2nd Bhairab Bridge, Bangladesh.
• The University of Engineering & Management (UEM), Jaipur and UEM, Kolkata jointly presented Award of Excellence for best practices in the corporate sector.

2019-20

• GOLDEN PEACOCK AWARD For Corporate Social Responsibility.
• 7th PSU Governance Now Award Increasing Geo-Strategic Reach Award.
• 7th FICCI Quality Systems Excellence Award for Industry for Good Practices in Quality Systems.
• Institute Of Economic Studies (IES) Award, Sri Lanka Outstanding Global Leadership Award to CMD IRCON.
• Golden Peacock Award for Risk Management.
• 16th ICMAI National Awards for Excellence in Cost Management Infrastructure and Construction Services (First position).
• Et Now: Stars of the Industry Award Talent Leadership Award - For Excellence in HR (Organisational Award).
• 7th PSU Governance Now Award PSU Leadership Award to CMD IRCON.

2020-21

• 12th CIDC Vishwakarma Award for Corona Warriors.
• 12th CIDC Vishwakarma Award for display of utmost commitment and drive to create a vibrant work environment.
• 12th CIDC Vishwakarma Award for Best Construction Project for Mathura – Kasganj Project 
• 12th CIDC Vishwakarma Award for Best Professionally Managed Company in Rs 1,000 crore plus turnover category.
• ET Now Dream Companies to work Award for Overall Rank 20.
• ET Now Dream Companies to work Award in PSU sector.

2021-22

• Greentech Foundation Safety Award.
• National Awards for Excellence in PSU.

2022-23

• Dun & Bradstreet PSU summit Award 2022.
• Greentech environment Award 2022.
• ENR-Construction World Global Award 2022.

2023-24

• Governance Now 10th PSU Award - CSR Commitment
• CE&CR Annual award for ‘Outstanding Tunnel Structure’ for the project ‘Udhampur- Srinagar - Baramulla New BG Rail line - Construction of Tunnel T-49 on Dharam - Qazigund Section’.
• Safety Innovation Award 2023 for implementing Innovative Safety Management Systems.
• Excellence in Civil Engineering, Testing and Commissioning of Rail Projects by Rail Analysis India.
• Top Challenger 2022-23 award by Construction World.
• Dun & Bradstreet award – ESG Champions of India 2024 in the Engineering & Construction services sector.

2024-25

• 15th CIDC Viswakarma Award 2024 for Mokama Rail Bridge Project for Category Construction Health, Safety & Environment.
• Dun & Bradstreet award - ESG Champions of India 2024 in the Engineering & Construction services sector.
• Dun & Bradstreet award for ‘Contract & Construction and Tech. Consultancy Services (Central PSU)’ Category.
• Excellence in Civil Engineering, Testing and Commissioning of Rail Projects by Rail Analysis India.
• Governance Now 10th PSU Award - CSR Commitment.
• Governance Now 10th PSU Award - Nation Buildings.
• CE&CR Annual Award for Outstanding Tunnel Structure for the project Udhampur- Srinagar - Baramulla New BG Rail line.
• Top Challenger 2022-23 award by Construction World.

Major Events & Milestones

• 1976: The company converted from a private limited company into a public limited company.
• 1992: Pursuant to disinvestment of 13,400 Equity Shares of Rs 10 each by GoI, the company was listed on the BSE and the Delhi Stock Exchange.
• 1998: The company was granted the status of ‘Mini Ratna – Category – 1’ by the Ministry of Railways.
• 2011: Voluntarily delisted from the BSE .
• 2012: Voluntarily delisted from the Delhi Stock Exchange.
• 2018: Equity shares listed on NSE and BSE in September.
• 2019: Secured an International Railway Contract worth around $91.27 million (equivalent to Rs 635 crore) from Sri Lanka Railway.
• 2019: Signed a MoU with BEML
• 2020: Crossed turnover of Rs 5000 crore.
• 2020: Signed a MoU with RZD International LLC, a subsidiary of state-owned Russian Railways Company.
• 2020: Signed a MoU with National Investment and Infrastructure Fund and Ayana Renewable Power.
• 2021: Completed 30 Km Korichhapar-Dharamjaigarh Section.
• 2022: Signed a MoU with SYSTRA MVA Consulting (India), an international consulting and engineering company.
• 2022: Completed main tunnel excavation of 12.76 km twin tube tunnel between Sumber and Arpinchala station of Katra-Banihal section of Udhampur- Srinagar-Baramulla Rail Link project.
• 2023: Upgraded to Navratna Company.
• 2023: Crossed turnover of Rs 10000 crore.
• 2024: Signed MoU with Patel Engineering.
• 2025: Executed non-binding MoU with Coal India with an intent of development of Rail Infrastructure of Coal India and its subsidiaries. 
• 2025: Received LoA from Petronet LNG for civil, structural & UG works including piling - PART-A' for PDH-PP Plant with Ethane and Propane Storage and Handling Facilities at Dahej, Gujarat.
• 2025: The company’s Joint Venture with Finolex J-Power Systems secured turnkey works contract from Maharashtra State Electricity Transmission Co.