The Award was received by Shri Mohan Tiwari, CMD, IRCON, from Dr. M.M. Pallam Raju, Union Minister for Human Resources Development at a function in the capital. Shri Jagdambika Pal, Chairman, Committee on Public Undertakings, Lok Sabha, was among the other dignitaries to grace the occasion.
The Award was instituted by Dainik Bhaskar group in 2009 to honour the PSUs in their areas of excellence.
IRCON had achieved a PBT of more than Rs. 1,000 crore in the fiscal 2012-13. During the last five years, the Company has achieved phenomenal growth and has recorded a compounded annual growth rate of 44.61% in terms of PBT with five-fold increase in foreign share of business.
The Company has earned total foreign exchange of Rs. 2,117 crore in the last five years. IRCON has so far completed over 100 projects in more than 20 countries.
