Board of Ircon International approves closure of IRSDC

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.