Mumbai, Oct. 27 -- As per the company's exchange filing, the contract involves the construction of a 220 kV D/C transmission line from the 400/220 kV Koradi-II Substation to Mankapur Substation (overhead and underground) under the Nagpur Zone. The project is being executed on a turnkey basis against tender no. T-2503 (RFx No. 6000001310).

The total contract value stands at Rs 168.40 crore, with IRCON International holding a 51% share in the joint venture and Finolex J-Power Systems holding the remaining 49%.

The company clarified that neither its promoters nor any members of the promoter group have any interest in the awarding authority. It further confirmed that the transaction does not qualify as a related-party transaction under appl...