Ircon Targets Higher Margins Through Asset Monetisation, Focus on Kavach & Signalling Orders.

Ircon International, the railway-owned turnkey construction major, is strategically planning to monetize its operational and profitable strategic assets, including its Public-Private Partnership (PPP) projects. This move, aimed at unlocking value, is contingent upon securing necessary approvals from the Ministry of Railways and the Department of Investment and Public Asset Management (DIPAM).

For mining projects where Ircon holds a minority stake, any monetization decisions will be made in close consultation with the respective coal companies.

Beyond asset monetization, Ircon is actively diversifying its portfolio by venturing into new, high-margin verticals. The company is particularly keen on securing Kavach contracts (India's indigenous automatic train protection system) and other signaling projects, aligning with its broader diversification strategy.

Ircon currently operates through 11 subsidiaries and 7 joint ventures, which include a renewable power company, showcasing its broad operational footprint. The company has already invested approximately ₹2,300 crore across its Special Purpose Vehicles (SPVs), with an additional ₹1,000 crore slated for future investment. Of this, around ₹500 crore is expected to be invested in the current fiscal year, FY26. This aggressive investment and diversification plan underscores Ircon's commitment to sustained growth and enhanced profitability.