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New Delhi, October 5, 2004

The IRCON International Ltd., a public sector undertaking under the Ministry of Railways, has posted a 380 per cent Annual dividend amounting to Rs. 18.75 crores for the financial year 2003-2004. A Cheque to this effect was presented by the Managing Director of the Company, Shri B.S. Kapur to the Union Minister of Railways, Shri Lalu Prasad in the presence of Chairman, Railway Board and Chairman/IRCON, Shri R.K. Singh, Financial Commissioner (Railways), Smt. Vijayalakshmi Viswanathan and other senior officials of the Railway Board at a function here today.

IRCON has so far paid a cumulating dividend of Rs. 114.95 crores to the Ministry of Railways against the paid-up share capital of Rs. 4.95 crores.

IRCON is executing prestigious projects in India, like J&K projects for the Ministry of Railways, and road projects for the National Highway Authority of India (NHAI) and State Governments. Recently, IRON has secured road projects in Ethiopia and Indonesia for the first time and expects to secure at least two rail projects abroad. This apart, IRCON is working in countries like Malaysia, Bangladesh, Iran, Sharjah, Mozambique and UK.

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