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Board of Ircon International approves closure of IRSDC

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At meeting held on 08 August 2024

The Board of Ircon International at its meeting held on 08 August 2024 has approved the closure of Indian Railway Stations Development Corporation (IRSDC), a joint venture of the company (in which the company holds 26% equity stake) by way of sale/ disposal of business and assets and liabilities of IRSDC to Rail Land Development Authority (RLDA) through slump sale and initiation of the process of voluntary liquidation of IRSDC.

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First Published: Aug 08 2024 | 5:52 PM IST

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