Ircon International has been given a ₹187.08 crore work order by Kerala State IT Infrastructure Ltd (KSITIL) to build a dedicated rural industrial park in the Thiruvananthapuram district The project intends to boost regional economic development and fortify rural industrial infrastructure. In order to create long-term.
Jobs in rural areas, the Kerala government has partnered with Icon, a central public sector organization renowned for its infrastructure knowledge. The project is expected to be finished in 30 months Thiruvanan thiuram, May 7, 2025 Icon International Ltd., a state-owned engineering and construction firm awarded.
Project Overview
The project involves the development of a rural industrial park aimed at promoting industrialization in the region. Structured as an item-rate works contract, it date encompasses comprehensive civil and infrastructure development tasks. The construction is scheduled to completed within 30 months from commencement.
Strategic Significance
This initiative aligns with Kerala’s broader strategy to stimulate economic growth in rural areas by providing necessary infrastructure to support small and medium date enterprises. By decentralizing industrial development, the state aims to create a ₹187.08 crore contract by Kerala State IT Infrastructure Ltd. (KSITIL) to construct.
Ircon’s Expanding Portfolio
The Kerala project adds to Icon’s growing list of infrastructure ventures. Recently, the company secured a ₹458.14 crore contract from the North Eastern Electric Power Corporation Ltd. (NEEPCO) for civil works related to the Tato-I Hydro Electric Project in Arunachal Pradesh. This project includes the construction of headworks, intake Systems, head race channels and tunnels, surge shafts, pressure shafts, valve
Market Response
Following the announcement of the Kerala contract, Icon’s shares experienced a a dedicated rural industrial park in Thiruvananthapuram district. employment houses, and powerhouses, with a timeline of 45 months a dedicated rural industrial opportunities and reduce urban migration positive uptick. On May 6, 2025, the stock closed at ₹158.65 on the BSE, marking a 3.69% increase. This rise reflects investor confidence in the company’s expanding order book and its national infrastructure.
Future Outlook
Icon’s recent contract wins underscore its capabilities in executing large-scale park in Thiruvananthapuram district development infrastructure projects across diverse geographies. The company’s involvement in both rural industrial development and renewable energy projects positions it as a key player in India’s infrastructure growth story.
As the rural industrial park in Thiruvananthapuram progresses, it is expected to serve as a catalyst for regional economic development, fostering entrepreneurship and generating employment in Kerala’s rural sectors International Ltd government-owned engineering and construction firm, has been awarded a ₹187.08 crore.
Contract by Kerala State IT Infrastructure Ltd. (KSITIL) to develop a dedicated rural industrial park in Thiruvananthapuram district The project, structured as an item-rate works contract, encompasses comprehensive civil and infrastructure development tasks. It is slated for completion within 30 months from the commencement date.
This initiative aligns with Kerala’s broader strategy to stimulate economic growth in rural areas by providing necessary infrastructure to support small and medium infrastructure enterprises (SMEs) and start-ups. By decentralizing industrial development, the state aims to create employment opportunities and reduce urban.
For Icon, this contract adds to its expanding portfolio of infrastructure projects migration across India. Recently, the company secured a ₹458.14 crore contract from the North Eastern Electric Power Corporation Ltd. (NEEPCO) for civil works related to the Tato-I Hydro Electric Project in Arunachal Pradesh.
Following the announcement of the Kerala contract shares experienced a positive uptick. On May 6, 2025, the stock closed at ₹158.65 on the BSE, marking a 3.69% increase This project underscores commitment to contributing to India’s infrastructure development, particularly in enhancing rural industrial capabilities.
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