IRCON International, in a joint venture (51%) with Finolex J-Power Systems (49%), has been awarded a turnkey works contract by Maharashtra State Electricity Transmission Co. Ltd (MSETCL). The contract involves construction of a 220kV D/C line from 400/220 kV Koradi-II SIS to Mankapur S/S. The project is valued at ₹168.41 crore, excluding GST, and is expected to be completed in 18 months, excluding monsoon season.
Contract Award Details
IRCON International Limited has secured a significant turnkey project in collaboration with Finolex J-Power Systems Limited. The project was officially awarded by Maharashtra State Electricity Transmission Co. Ltd (MSETCL), marking a noteworthy achievement for both entities. The joint venture structure sees IRCON holding a 51% share, while Finolex J-Power Systems holds the remaining 49%.
Project Specifications
The core of the contract involves the construction of a 220kV Double Circuit (D/C) transmission line. This line will stretch from the 400/220 kV Koradi-II Sub-station (SIS) to the Mankapur Sub-station (S/S). The construction will encompass both Over Head (O/H) and Under Ground (U/G) segments, strategically planned under the Nagpur Zone. This project was awarded against tender no. T-2503 (RFx No. 60000013 10).
Financial and Timeline Aspects
The total value of the order stands at ₹1,68,40,53,404/-, which excludes Goods and Services Tax (GST). The project is slated to be executed over a period of 18 months. This timeline excludes the monsoon season, suggesting careful planning to mitigate weather-related disruptions. The official work order is documented under reference number MSETCL/CO/Projects/Pre-tender/T-2503/009208 and is dated 20.10.2025.
Source: BSE
