Mumbai, April 1 -- The project involves the construction of Tunnel T1 (from Km 33+160 to Km 34+400) and Tunnel T2 (from Km 57+400 to Km 66+040), along with a ballast-less track and related formation works. This is part of the electrified new broad-gauge railway line between Mangliyagaon (Indore) and Budni stations, spanning 198 km across the Ratlam and Bhopal divisions of Western and West Central Railways in Madhya Pradesh.

IRCON holds a 70% share in the joint venture, amounting to Rs 610.88 crore, while SSNR Projects holds the remaining 30%. The project, valued at Rs 872.69 crore, is to be executed over a period of 40 months, with an additional six-month defect liability period.

IRCON International is a Navratna, public-sector enterpri...