Indian Railway Construction International Limited (IRCON)

• Ircon International Limited (IRCON), a government company incorporated by the Central Government (Ministry of Railways) under the Companies Act, 1956 on 28th April, 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.
• IRCON has widespread operations in several States in India and in other countries (Malaysia, Nepal, Bangladesh, Mozambique, Ethiopia, Afghanistan, U.K. Algeria & Sri Lanka Now).
• 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 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.
• IRCON has so far completed more than 300 infrastructure projects in India and more than 100 projects across the globe in more than 21 countries.
• Recently, Ircon International Limited (IRCON) and RITES Ltd (RITES) both Central Public Sector Enterprise (CPSE) under the Ministry of Railways, have been announced as 15th and 16th Navratna respectively among CPSEs. The Ministry of Finance conferred ‘Navratna’ status on RITES and IRCON.

Criteria for grant of Navratna status to CPSEs The CPSEs which are Miniratna I, Schedule ‘A’ and have obtained ‘excellent’ or ‘very good’ MoU rating in three of the last five years and having composite score of 60 or above in following six selected performance indicators are eligible to be considered for grant of Navratna status.

Those indicators:

1. Net Profit to Net worth
2. Manpower Cost to total Cost of Production
3. Cost of Services
4. PBDIT to Capital employed
5. PBIT to Turnover
6. Earning Per Share
7. Inter Sectoral Performance

Navratna CPSEs

1. Bharat Electronics Limited
2. Container Corporation of India Limited
3. Engineers India Limited
4. Hindustan Aeronautics Limited
5. Mahanagar Telephone Nigam Limited
6. National Aluminium Company Limited
7. NBCC (India) Limited
8. NMDC Limited
9. NLC India Limited
10. Oil India Limited
11. Power Finance Corporation Limited
12. Rashtriya Ispat Nigam Limited
13. Rural Electrification Corporation Limited
14. Shipping Corporation of India Limited