Core Announcement – Order Details
Awarding Entity: IRCON International Limited
Domestic/International Order: Domestic
Nature of Order/Contract: Variation Order for project of 'Design, Manufacture, Supply, Installation, Integration, Testing and Commissioning of Power Supply & Traction, E & M, Lifts and Escalators including 5 years of comprehensive maintenance after 2 years of defect liability maintenance period of Line 6 [Swami Samarth Nagar to Vikhroli (EEH)] of Mumbai Metro Rail Project of MMRDA.
Order Value:
- Original Contract Value (as per LOA): INR 485,67,40,122.15 (Indian Rupees Four Eighty-Five Crore Sixty Seven Lakhs Forty Thousand One Hundred and Twenty-Two and Paisa Fifteen Only) and EURO 2,679,469.73 (excluding GST and Customs Duty)
- Variation Order Value: INR 115,79,04,589.17 (Indian Rupees One Hundred and Fifteen Crore Seventy-Nine Lakhs Four Thousand Five Hundred and Eighty-Nine and Seventeen Paise Only) (excluding GST and Customs Duty)
- Total Revised Contract Value: INR 601,46,44,711.32 (Indian Rupees Six Hundred and One Crore Forty-Six Lakhs Forty-Four Thousand Seven Hundred and Eleven and Paisa Thirty-Two Only) and EURO 2,679,469.73 (excluding GST and Customs Duty)
Materiality Context: Not Specified
Execution Timeline: Time Schedule (Design-Build Period of 104 weeks, Defect Liability Maintenance Period (DLMP) of 2 years from ROD and comprehensive Maintenance of 5 years after completion of DLMP (As per original LOA)
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: All other terms & conditions shall remain unchanged as per original Contract/LOA No. IRCON/e-1500021/CA-233 LINE 6 MMRDA/ST/02/923 dated 24th February, 2026
Whether Related Party Transaction: Not Applicable
Promoter Group Involvement: Not Applicable
Financial Implication: Not Specified