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Ircon International

State-owned · HQ India

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Kind
Civil contractor
Markets
1
Positions held
2

Indian Railways' construction PSU.

Kind
Civil contractor
Headquarters
India
Ownership
State-owned
Segments
Civil works, Track, Electrification, Signalling
Present in
India

Footprint

India

KindWhereDetailSources
HeadquartersDelhi-NCR, Gujarat, KarnatakaNew Delhi; Navratna CPSE under the Ministry of Railways; MAHSR C7 (JV) and T-2 track (₹5,142 cr), SWR KAVACH (₹253.56 cr); merger with RVNL initiated by the Ministry
  • ● Ircon International · Company home (Navratna CPSE under the Ministry of Railways) (checked 2026-09-06)
  • ● Ircon International · Domestic railway projects (checked 2026-09-06)
  • ● Government of India — Integrated Government Online Directory · Ministry of Railways: PSUs / JVs / Companies (checked 2026-09-06)
  • ● PIB (official) · Backgrounder: Mumbai–Ahmedabad High-Speed Rail — Advancing India's Rail Modernisation (12 stations; 3 depots; 21 of 25 river bridges in Gujarat; HSR Training Institute Vadodara; first service Aug 2027) (published 2026-06-12 · checked 2026-08-20)
  • ● PIB (official) · MAHSR project updates, Lok Sabha reply (Gujarat: foundation/piers 352 km, girder casting 342 km, launching 331 km, track bed 152 km, OHE masts 121 km; 8 Gujarat station foundations complete) (published 2026-02-11 · checked 2026-08-20)
  • ○ The Metro Rail Guy · MAHSR project page (Gujarat section ≈351.3 km; package table C4–C8, T-2, T-3, EW-1) (published 2026 · checked 2026-08-20)
  • ○ Urban Transport News · IRCON signs ₹5,142 cr T-2 track contract (Zaroli–Vadodara, 237 km), 2022-01-21 (published 2022-01 · checked 2026-08-20)
  • ● L&T (official) · L&T Construction awarded ('Large': ₹2,500–5,000 cr class) T-3 ballastless track contract, Vadodara–Sabarmati (published 2022-05-05 · checked 2026-08-20)
  • ○ Rail Analysis India · NHSRCL awards ₹4,140.06 cr signalling & telecom (DS-ATC) contract to DRA Infracon–Siemens JV (published 2025-06 · checked 2026-08-20)
  • ○ RailPost · NHSRCL–KCS AVADH consortium sign agreement for rolling stock maintenance machinery (signed 2026-08-07; no value stated) (published 2026-08-11 · checked 2026-08-20)
  • ○ Deccan Herald · BEML to make India's first bullet trains in Bengaluru (₹866.87 cr, two 8-car 280 kmph trainsets) (published 2024-10 · checked 2026-08-20)

Ownership and structure

  • owned by Railway Board — Ministry of Railways public sector undertaking (administrative control) (active)

Positions held

Phase
  • awarded by SWR — KAVACH, Bengaluru and Mysuru divisions, 778 rkm (2025) (active · since 2025)
  • awarded by NHSRCL — MAHSR C7 civil (IRCON–DRA JV) and track T-2 (January 2022) (active · since 2022-01)
Sources for these relationships (12)
  • ○ Deccan Herald · SWR KAVACH across 3,692 km network (published 2025 · checked 2026-06-22)
  • ○ Deccan Herald · BEML to make India's first bullet trains in Bengaluru (₹866.87 cr, two 8-car 280 kmph trainsets) (published 2024-10 · checked 2026-08-20)
  • ● Government of India — Integrated Government Online Directory · Ministry of Railways: PSUs / JVs / Companies (checked 2026-09-06)
  • ● Indian Railways / CRIS · IREPS e-procurement portal (published 2026 · checked 2026-08-20)
  • ● L&T (official) · L&T Construction awarded ('Large': ₹2,500–5,000 cr class) T-3 ballastless track contract, Vadodara–Sabarmati (published 2022-05-05 · checked 2026-08-20)
  • ● PIB (official) · Backgrounder: Mumbai–Ahmedabad High-Speed Rail — Advancing India's Rail Modernisation (12 stations; 3 depots; 21 of 25 river bridges in Gujarat; HSR Training Institute Vadodara; first service Aug 2027) (published 2026-06-12 · checked 2026-08-20)
  • ● PIB (official) · MAHSR project updates, Lok Sabha reply (Gujarat: foundation/piers 352 km, girder casting 342 km, launching 331 km, track bed 152 km, OHE masts 121 km; 8 Gujarat station foundations complete) (published 2026-02-11 · checked 2026-08-20)
  • ○ Rail Analysis India · NHSRCL awards ₹4,140.06 cr signalling & telecom (DS-ATC) contract to DRA Infracon–Siemens JV (published 2025-06 · checked 2026-08-20)
  • ○ RailPost · NHSRCL–KCS AVADH consortium sign agreement for rolling stock maintenance machinery (signed 2026-08-07; no value stated) (published 2026-08-11 · checked 2026-08-20)
  • ○ Swarajya · IRCON $29.5M (₹253.56 cr) KAVACH (SWR Bengaluru+Mysuru) (published 2025-05 · checked 2026-06-22)
  • ○ The Metro Rail Guy · MAHSR project page (Gujarat section ≈351.3 km; package table C4–C8, T-2, T-3, EW-1) (published 2026 · checked 2026-08-20)
  • ○ Urban Transport News · IRCON signs ₹5,142 cr T-2 track contract (Zaroli–Vadodara, 237 km), 2022-01-21 (published 2022-01 · checked 2026-08-20)

Competes with

Other civil contractor players present in the same markets.

PlayerHQMarketsPositions
L&TIndiaIndia10
RVNLIndiaIndia6
GülermakTürkiyeIndia5
DBLIndiaIndia4
HCCIndiaIndia4
Ranjit BuildconIndiaIndia4
AfconsIndiaIndia3
CeigallIndiaIndia3
1 source · primary
  • ● Ircon International · Company home (Navratna CPSE under the Ministry of Railways) (checked 2026-09-06)

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Compiled by Watchtower to editorial standards the Managing Partner sets and enforces. Public record only — every datum carries its source.