IRCON

In its Annual 2009-10 report, IRCON lists Iran as among those countries  where “Concerted efforts are being made to secure contracts.” (Company Website, “Annual Report, 2009-10”) (http://www.ircon.org/images/file/annual%20report/Ircon%20AR%202009-10-Final%20(Eng).pdf)

On its “Foreign Projects” page, IRCON lists a project with Iranian Islamic Republic Railways.  (http://www.ircon.org/content.aspx?Title=118)

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“Last year, Washington had eased sanctions on Iran, which has enabled Indian companies to explore investment options. The Indian commerce ministry officials had in December last year, met the top brass of SAIL, BHEL and railway infrastructure builder IRCON to consider investing in Iran.” (Trend, “Iran plans to import 200,000 tons of rail tracks from India,” 4/28/14) (http://en.trend.az/regions/iran/2267990.html)

On its Company Website, IRCON states that it has “executed a large number of Electronic (Solid State) Interlocking and Relay based Interlocking Signalling installations” in countries including Iran. (Company Website, “Signaling and Telecom") (http://www.ircon.org/content.aspx?Title=62)

"Will no longer participate in a project to build a railway line from Chabahar to Zahedan, along the border with Afghanistan because of Iran's insistence that Khatam-al Anbiya Construction Headquarters (KAA) receive the civil works contract for the project. KAA belongs to the Islamic Revolutionary Guard Corps (IRGC) and is subject to U.S. secondary sanctions. India had received a U.S. sanctions waiver for the project, a trilateral effort with Iran and Afghanistan intended to create an alternative trade route to Afghanistan and Central Asia." (The Economic Times, "Chabahar-Zahedan rail link: Iran's insistence on roping in a specific entity put deal off track," 7/21/2020).     (https://economictimes.indiatimes.com/news/politics-and-nation/iran-pressure-for-work-to-revolutionary-guard-entity-put-deal-off-track/articleshow/77073804.cms)