India, Aug. 22 -- IRCON International Ltd on Friday announced that it has received a Letter of Award (LoA) from the Meghalaya Infrastructure Development & Finance Corporation Limited, Shillong, for a major construction project.
The contract involves the design, engineering, procurement, and construction of Eklavya Model Residential Schools at eight different locations across Meghalaya, under Package-II. The project is valued at ?510.47 crore and is to be executed within 36 months.
The order, awarded by a domestic entity, falls under the EPC (Engineering, Procurement, and Construction) category. IRCON confirmed that the promoter group has no interest in the awarding authority and that the contract does not fall under related party transact...