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Corporate News

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(18 Jul 2024, 19:38)

Board of Ircon International approves closure of Indian Railway Stations Development Corporation

At meeting held on 18 July 2025

The Board of Ircon International at its meeting held on 18 July 2024 has approved the following:

The Ministry of Railways has ‘in-principle' decided for closure of Indian Railway Stations Development Corporation (IRSDC), a joint venture company of IRCON (IRCON holds 26% equity share in IRSDC). The Ministry of Railways has also issued directions for initiating the necessary procedural formalities for handing over of the assets, projects etc. to Zonal Railways/ Rail Land Development Authority (RLDA) and initiating closure of IRSDC.

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