The contract is for the construction of a new double-line substructure and single-line superstructure BG (broad gauge) rail bridge across the River Ganga, between Bikramshila and Katareah Stations, as part of a new railway line project. This bridge will feature 2x32.086m and 33x122.0m open web steel girders.

The project has to be completed within a period of 1460 days.

Ircon International is a public sector construction company with an emphasis on infrastructure projects, with a specialization in the execution of railway projects on a turnkey basis and otherwise. After commencing business as a railway construction company, it diversified progressively to roads, buildings, electrical substations and distribution, airport construction, commercial complexes, as well as metro rail works.

The scrip had declined 1.04% to end at Rs 190.80 on the BSE on Friday.