IRCON International Limited IPO

Ircon International Limited (“IRCON”) was incorporated on April 28, 1976. Although their largest shareholder is the Ministry of Railways (“MoR”), IRCON continue to carry on businesses as a legal entity separate from the Government of India (“GoI”) and remain an independent commercial enterprise. In 2016, IRCON was ranked 248 in the list of the top 250 international contractors by Engineering News Record (ENR) of the United States.