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India Gazette
06-06-2025
- Business
- India Gazette
"Challenging project": IRCON's JGM Ashwani Dayal on transformative railway project in J-K
Katra (Jammu and Kashmir) [India], June 6 (ANI): Ashwani Dayal, Joint General Manager at Indian Railway Construction International Limited (IRCON), on Friday highlighted the complexities of constructing the railway project in Jammu and Kashmir, the Chenab Bridge project, citing political and engineering challenges. Dayal noted that motivating people to work on the project was a significant challenge. While speaking to ANI on Friday, Dayal said, 'Everyone knows that it was a challenging project, both politically and in terms of engineering... Another big challenge was to motivate people to come here to work on this project.' The project incorporated advanced safety features, including fire-safe cables and doors, escape doors, and unidirectional jet fans with automatic sensors. Dayal emphasised the safety features incorporated into the tunnel construction, including fire-safe cables and fire doors that can withstand temperatures up to 1000 degrees Celsius. 'Fire-safe cables and fire doors have been installed in the tunnels. They can withstand a temperature of up to 1000 degrees. Escape doors have also been provided so that people can get out safely from there,' he added. IRCON built a 270-kilometre road from Banihal to Sawalkot to transport heavy machinery, which now benefits the state government and local communities. The project also features unidirectional jet fans equipped with automatic sensors to ventilate smoke and polluted air. Dayal said, 'Unidirectional jet fans have been installed with automatic sensors to let out smoke or polluted, harmful air. We also built a road more than 270 kilometres from Banihal to Sawalkot to transport our dumpers, tractors, heavy machinery, and trains. Today, the state government is using this road, which is also benefiting nearby villages and towns.' 'So we not only brought the railways but also brought other means of transport,' Dayal added. The railway project showcases IRCON's engineering expertise and commitment to safety and infrastructure development in the region. Earlier, calling this day 'historic', Railway Minister Ashwini Vaishnaw on Friday said that the Chenab bridge part of the Srinagar-Baramulla Railway Line (USBRL) was constructed working in harmony with nature. Addressing the public during the inauguration of the Chenab bridge, Vaishnaw said, 'Today is a historic day. Another gem has been added to Jammu and Kashmir. Today, PM Modi has inaugurated the railway line connecting Jammu to Srinagar. The country had cherished the dream of this railway line for decades. There were great challenges in its construction... Instead of trying to conquer nature, working in harmony with nature, this railway line has become a reality today through this network of bridges and tunnels. This was made possible due to the steely determination, hard work and laser-sharp focus of our Prime Minister.' Prime Minister Modi today inaugurated the world's highest railway arch bridge - the 'Chenab Railway Bridge' - and India's first cable-stayed 'Anji Bridge' in Jammu and Kashmir's Reasi district. Prime Minister Narendra Modi on Friday also flagged off two Vande Bharat Express trains from Katra Railway Station, directly connecting the Jammu division with Kashmir. This marks a major milestone in Jammu and Kashmir's railway connectivity. Before flagging off the trains, Prime Minister Modi interacted with schoolchildren on board and also spoke with railway staff members present on the train. The new Vande Bharat Express service will reduce the travel time between Katra and Srinagar from the current 6-7 hours by road to just about 3 hours. The trains aim to provide a fast, comfortable, and reliable travel option for residents, tourists, and pilgrims. The train will run through the Anji Khad Bridge, which is India's first cable-stayed railway bridge, and the Chenab Bridge, which is the highest railway bridge in the world. These trains have been specially designed to operate in the cold climatic conditions of the Kashmir Valley. In a remarkable gesture, Prime Minister Modi waved the Tiranga, the Indian national flag and carried it forward on the deck of the bridge on the Chenab River. Jammu and Kashmir Lieutenant Governor Manoj Sinha and Chief Minister Omar Abdullah were present during the inauguration. These bridges are part of the ambitious Udhampur-Srinagar-Baramulla Railway Link (USBRL) project in Jammu and Kashmir. The iconic Chenab Railway Bridge, the world's highest railway arch bridge, is part of the Katra-to-Sangaldan stretch, connecting New Delhi directly with Kashmir via Katra. Situated in the Reasi district of Jammu and Kashmir, the Chenab Bridge is an engineering marvel standing 359 metres above the riverbed. It will officially connect the Kashmir Valley with the rest of India via rail for the first time in history. The project faced numerous engineering and logistical challenges due to the region's difficult terrain and seismic sensitivity. Yet, after years of meticulous work, the bridge now stands as a testament to India's technological prowess and commitment to inclusive development. It marks a transformative chapter in India's infrastructural landscape, promising greater connectivity, economic growth, and social integration in the region. The Udhampur-Srinagar-Baramulla Rail Link (USBRL) project is a 272 km long USBRL project, constructed at a cost of around Rs 43,780 crore, which includes 36 tunnels (spanning 119 km) and 943 bridges. The project establishes all-weather, seamless rail connectivity between the Kashmir Valley and the rest of the country, aiming to transform regional mobility and drive socio-economic integration. (ANI)
Economic Times
22-05-2025
- Business
- Economic Times
Ircon International shares in focus as Q4 PAT declines 14% YoY
Ircon International shares: The company recorded a 10% year-on-year drop in revenue from operations, amounting to Rs 3,412 crore in Q4FY25, down from Rs 3,787 crore in Q4FY24. The board of IRCON has also proposed a final dividend of Rs 1 per share. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Ircon International share price performance Shares of IRCON International Ltd are likely to remain in focus on Thursday, May 22, after the state-run firm reported a 14% year-on-year drop in consolidated profit after tax (PAT) to Rs 212 crore for the fourth quarter ended March 2025, compared to Rs 247 crore in the same period last company also witnessed a 10% YoY decline in revenue from operations, which stood at Rs 3,412 crore in Q4FY25 versus Rs 3,787 crore in board has recommended a final dividend of Rs 1 per share, in addition to the interim dividend of Rs 1.65 per share already the total income for the quarter dropped to Rs 3,515 crore from Rs 3,894 crore a year earlier. EBITDA came in at Rs 357 crore, down from Rs 424 crore in the previous year, with the EBITDA margin at 10.17%.Further, the profit before tax (PBT) was Rs 263 crore, compared to Rs 356 crore in the annual drop, sequential performance improved sharply, with PAT rising 146% from Rs 86 crore in Q3FY24 and revenue increasing 31% from Rs 2,613 company's order book as of March 31, 2025, stood strong at Rs 20,347 crore, comprising Rs 15,435 crore in railway projects, Rs 4,541 crore in highway projects, and Rs 371 crore in other shares of Ircon have declined 34.50% over the past 1 year and is down 12.94% year-to-date (YTD). However, over the last 6 months, it has gained 2.13%, while the 3-month and 1-month performance show increases of 19.72% and 16.34%, shares closed flat with a positive bias at Rs 189.75 on Wednesday, the shares of ABFRl closed 2.7% lower at Rs 269.15 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
22-05-2025
- Business
- Time of India
Ircon International shares in focus as Q4 PAT declines 14% YoY
Ircon International shares: The company recorded a 10% year-on-year drop in revenue from operations, amounting to Rs 3,412 crore in Q4FY25, down from Rs 3,787 crore in Q4FY24. The board of IRCON has also proposed a final dividend of Rs 1 per share. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Ircon International share price performance Shares of IRCON International Ltd are likely to remain in focus on Thursday, May 22, after the state-run firm reported a 14% year-on-year drop in consolidated profit after tax (PAT) to Rs 212 crore for the fourth quarter ended March 2025, compared to Rs 247 crore in the same period last company also witnessed a 10% YoY decline in revenue from operations, which stood at Rs 3,412 crore in Q4FY25 versus Rs 3,787 crore in board has recommended a final dividend of Rs 1 per share, in addition to the interim dividend of Rs 1.65 per share already the total income for the quarter dropped to Rs 3,515 crore from Rs 3,894 crore a year earlier. EBITDA came in at Rs 357 crore, down from Rs 424 crore in the previous year, with the EBITDA margin at 10.17%.Further, the profit before tax (PBT) was Rs 263 crore, compared to Rs 356 crore in the annual drop, sequential performance improved sharply, with PAT rising 146% from Rs 86 crore in Q3FY24 and revenue increasing 31% from Rs 2,613 company's order book as of March 31, 2025, stood strong at Rs 20,347 crore, comprising Rs 15,435 crore in railway projects, Rs 4,541 crore in highway projects, and Rs 371 crore in other shares of Ircon have declined 34.50% over the past 1 year and is down 12.94% year-to-date (YTD). However, over the last 6 months, it has gained 2.13%, while the 3-month and 1-month performance show increases of 19.72% and 16.34%, shares closed flat with a positive bias at Rs 189.75 on Wednesday, the shares of ABFRl closed 2.7% lower at Rs 269.15 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
21-05-2025
- Business
- Mint
IRCON Q4 Results: Railway PSU firm's profit drops 14% YoY to ₹212 crore; final dividend declared
IRCON Q4 Results: Ircon International (IRCON), a public sector undertaking (PSU), under the Ministry of Railways, on Wednesday, May 21, announced a 14% year-on-year (YoY) decline in its consolidated net profit for the March quarter of the financial year 2024-25 (Q4 FY25). The profit stood at ₹ 212 crore in the quarter under review, compared with ₹ 247 crore in the corresponding period a year ago. The Navratna PSU firm's revenue from operations declined 10% YoY to ₹ 3,412 crore in Q4 FY25 from ₹ 3,787 crore in the same period last year. During the quarter, revenue generated from both domestic and international customers moderated, with the latter falling by more than half. In Q4 FY25, revenue from international customers was ₹ 83 crore, as against ₹ 181 crore in the year-ago quarter. On the domestic front, the figure declined to ₹ 3,329 crore from ₹ 3,606 crore on a YoY basis. For the full financial year, the company's revenue from operations declined by 14% YoY to ₹ 10,760 crore while the profit saw a sharper fall of 22% YoY to ₹ 728 crore. IRCON also announced a final dividend of ₹ 1 per share of face value of ₹ 2 each for FY25. This is in addition to the interim dividend of ₹ 1.65 per equity share announced by the company earlier in FY25. "... recommended a final dividend of ₹ 1.00 per equity share of face value of Rs. 2/- each (50% of the paid-up equity share capital) for the financial year 2024-25, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company," IRCON said. The final dividend would be paid within 30 days from the date of its declaration at the AGM, the company added.
Mint
21-05-2025
- Business
- Mint
IRCON Q4 Results: Railway PSU firm's profit drops 14% YoY to ₹212 crore; final dividend declared
IRCON Q4 Results: Ircon International (IRCON), a public sector undertaking (PSU), under the Ministry of Railways, on Wednesday, May 21, announced a 14% year-on-year (YoY) decline in its consolidated net profit for the March quarter of the financial year 2024-25 (Q4 FY25). The profit stood at ₹ 212 crore in the quarter under review, compared with ₹ 247 crore in the corresponding period a year ago. The Navratna PSU firm's revenue from operations declined 10% YoY to ₹ 3,412 crore in Q4 FY25 from ₹ 3,787 crore in the same period last year. During the quarter, revenue generated from both domestic and international customers moderated, with the latter falling by more than half. In Q4 FY25, revenue from international customers was ₹ 83 crore, as against ₹ 181 crore in the year-ago quarter. On the domestic front, the figure declined to ₹ 3,329 crore from ₹ 3,606 crore on a YoY basis. For the full financial year, the company's revenue from operations declined by 14% YoY to ₹ 10,760 crore while the profit saw a sharper fall of 22% YoY to ₹ 728 crore. IRCON also announced a final dividend of ₹ 1 per share of face value of ₹ 2 each for FY25. This is in addition to the interim dividend of ₹ 1.65 per equity share announced by the company earlier in FY25. "... recommended a final dividend of ₹ 1.00 per equity share of face value of Rs. 2/- each (50% of the paid-up equity share capital) for the financial year 2024-25, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company," IRCON said. The final dividend would be paid within 30 days from the date of its declaration at the AGM, the company added. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
