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Ircon
International Limited (IRCON) is a central Public
Sector Enterprise incorporated as a government company under the Companies Act. 1956. IRCON was set up to utilize the Indian
Railway's experience in helping Developing Nations of
the world to install or maintain their own railways and
also to execute railway projects for private sector.
The
Company was the first to get the
ISO-9001:2000 Certification from TUV Germany for
its full range of construction activities. It is the
only construction PSU awarded with the
Mini-Ratna status by the Government of India.
The
Company's specialization
is in Railways, Railway Electrification, Signal and
Telecommunication, construction of roads, highways,
commercial, industrial and residential complexes,
airport runways, airport constructions, leasing of
locomotives, mass rapid transit system etc.
IRCON
has been ranked the 3rd
largest construction company of India in October 2004
on the occasion of Construction World-NICMAR (National
Institute of Construction Management and Research) Award
2004. As per Engineering News Record (ENR) of USA
(August 22/29, 2005 edition), it is seen that amongst
the "year 2005" Top 225 construction
contractors of the World, the average percentage of
domestic profitability is only 5.5% and if this is taken
as a benchmark, IRCON is ahead of the top companies as
its domestic profitability is 6.90%.
The
Company has completed 280
landmark infrastructure projects in India and 90
projects across the globe in 21
countries namely, Algeria, Angola, Bangladesh,
Indonesia, Iran, Iraq, Israel, Italy, Jordan, Lebanon,
Malaysia, Nepal, Nigeria, Saudi Arabia, Syria, Tanzania,
Turkey, United Kingdom, Zambia. The Company has also
taken up projects in Mozambique and Ethiopia.
IRCON
has been a consistent winner of the Highest
Foreign Exchange Earner Award in the construction
sector.
From
Engineering Export Promotion Council, the Company has
won 18 Awards of Excellence,
including the All India Trophy for the Top Exporters in
the category of Merchant Exporters in recognition of the
outstanding contribution to Engineering Exports.
From
Project Exports Promotion Council of India, IRCON
has won 42 Awards of Excellence, including, The
Award for Maximum Foreign Exchange Earned and
Repatriated to India from Overseas Service Contracts. |