Ircon International Limited, a Miniratna PSU and a leading construction company under the Ministry of Railways, announced the appointment of Parag Verma as Director (Works), with effect from September 21, 2022.
According to the company’s exchange filing, “In terms of Railway Board Order No.2021/E(O)ll/40/23 dated 21st September, 2022, Shri Parag Verma, (DIN: 05272169) has assumed the post of Director (Works), IRCON w.e.f. 21st September, 2022 till the date of his superannuation, i.e. 30th April, 2025 or until further orders, whichever is earlier. Consequently, Shri Yogesh Kumar Misra, Chairman & Managing Director (DIN: 07654014) has relinquishment the additional charge of the post of Director (Works) w.e.f. 21st September, 2022.”
Parag Verma joined IRCON in 1991 and presently is the Executive Director (Infrastructure). Verma is a post graduate in Engineering with more than 31 years of experience, of working on national and international infrastructure projects. His core strength lies in project planning, estimation and conceptualisation and structuring of the projects and its execution. He has the experience of establishing wholly owned subsidiary and JV companies for parent organisation to take up the specialised projects. He was instrumental in the development of the whole concept of station development program on PPP model in India and was instrumental in awarding first project of station development on Indian Railways on PPP model which has been successfully inaugurated by Hon’ble PM.
In his current role he is looking after the Highway, Building & Real Estate and Business Development in domestic and international market. He is not only responsible for maintaining healthy order book of company by bagging national and international infrastructure projects either on EPC, Item Rate, PPP model but their execution also. Under his guidance BD team has achieved the highest value of new order through open competitive bidding. Work in New sectors of high speed railway, ballast less slab track and highway tunnel large bridges have been secured by IRCON, the statement said.
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