India’s Top PSUs 2019

India’s Top PSUs 2019 Advertorial 25 Ircon International Limited About the Company Ircon International Ltd (IRCON) is a Mini Ratna and Schedule-A public sector unit, incorporated in April 1976 as Indian Railway Construction Company Ltd under the Ministry of Railways. IRCON is one of the leading turnkey construction companies operating in the public sector with specialization in execution of railway projects on turnkey basis or otherwise. IRCON has actively focused on becoming a diversified infrastructure player both in terms of sector and geographical coverage, with presence in Algeria, Bangladesh, Iran, Iraq, Malaysia, Nepal, South Africa, Bhutan, Myanmar and Afghanistan. Over the last 43 years, IRCON has completed over 380 infrastructure projects in India and more than 127 projects in over 24 countries. Operational Profile IRCON has emerged as a front-ranking construction company of international repute, diversifying into the entire spectrum of construction activities and infrastructure services. During FY18, the company completed three projects in India and commissioned two projects in Bangladesh. IRCON’s area of expertise include – Railways: Services includeentire rangeof activities including constructionof new railway lines, station buildings and facilities, signaling and telecommunication networks, railway electrification, setting up of production units to manufacture rolling stock, maintenance depots, concrete sleepers and track components on turnkey basis. Highways: The company is engaged in execution of highways and roads both in India and abroad, funded by accredited organizations such as World Bank, Asian Development Bank, Japan Bank of International Co-operation etc. Buildings: IRCON has expertise in construction of all kinds of buildings including services like HVAC, electrification, plumbing and fire fighting etc. Electrical: Services offered include railway electrification, power supply distributionnetwork for cities,metros andairports, turnkeyprojectmanagement including design, supply, erection, testing and commissioning, and solar energy projects. Signaling/Telecom: Turnkey solutions for all types of signaling & communication projects are provided for both railway and non-railway clients. Mechanical: High-speed, lightweight passenger cars, diesel electric locomotives and plant & machinery for workshops are supplied as per client requirements, in addition to lease and maintenance of diesel locomotives. Others: Construction of coach factories, stations, multi-function complexes and various structures for aviation industry is also undertaken. Order Book During FY19, the company secured projects in India of total value ` 76.35 bn. As of March 31, 2019, IRCON’s order book stood at ` 339.01 bn. In May 2019, IRCON bagged an international railway contract worth $ 91.27 mn from Sri Lanka Railways for upgradation of the Northern Railway line from Maho- Omanthai in Sri Lanka. Subsidiaries & Joint Ventures As of Mar 31, 2019, Ircon has five wholly-owned subsidiary companies, out of which four are special purpose vehicles created for execution of projects of NHAI. The company also has seven joint-ventures incorporated mainly for coal connectivity projects in Chhattisgarh, Jharkhand, and Odisha. Dun & Bradstreet D-U-N-S® No 65-017-7595 Financial Snapshot ( ` Mn) Parameters FY18 FY19 Total Income 41,214.4 46,795.4 Net Profit 3,879.0 4,446.8 Total Assets 127,006.0 129,694.4 Ratios NPM (%) 9.4 9.5 C/R (Times) 1.7 1.3 ‘Ratna’ Status (As of June 2019) Miniratna Category - I Management Details Chairman & Managing Director S K Chaudhary Directors Deepak Sabhlok M.K. Singh Yogesh Kumar Misra Hari Mohan Gupta Dr. C.B. Venkataramana Dr. N.S. Raina Ashok Kumar Ganju Piyush Agarwal Prof. Vasudha V. Kamat Avineesh Matta Address Plot No. C-4, District Centre, Saket, New Delhi – 110017 Website www.ircon.org Follw us on: / IrconOfficial / IrconOfficial S K Chaudhary Chairman & Managing Director