State-owned engineering and construction firm IRCON International Ltd on Friday (October 24) said it has announced that its joint venture with Finolex J-Power Systems Ltd has received a Letter of Award (LOA) from Maharashtra State Electricity Transmission Company Ltd (MSETCL) for a turnkey works contract valued at ₹168.40 crore (excluding GST).

The project involves the construction of a 220kV double circuit (D/C) transmission line from the 400/220kV Koradi-II Substation to the Mankapur Substation (overhead and underground) under the Nagpur Zone.

Under the joint venture, IRCON holds a 51% share, while Finolex J-Power Systems Limited holds the remaining 49%. The project is to be executed within a period of 18 months, excluding the monsoon season.

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