Ircon International Board Appoints Alin Choudhury as New CFO

Railway PSU, Ircon International Ltd. said that its board of directors on Wednesday approved the appointment of Alin Roy Choudhury as its chief financial officer and key managerial personnel from Jan. 1, 2025. Choudhury, who is currently the chief general manager of the finance division at the railway construction firm, will succeed B Mugunthan as the company's CFO.

The development comes as Mugunthan will be repatriated to the Ministry of Railways on Dec. 31, 2024, according to the company’s exchange filing. The company added that the terms and conditions of the appointment of Choudhury—who is a qualified cost and management accountant, will remain the same.

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Over a 30-year career, Choudhury’s experience includes working in diverse domains such as business development, treasury, and corporate finance. Internationally, he has handled projects in Sri Lanka and Ethiopia. And, within the organization, he has spearheaded the implementation of the Indian Accounting Standards.

Choudhury has also served as CFO of the company's wholly owned subsidiaries—Ircon Gurgaon Rewari Highway Ltd. and Ircon Haridwar Bypass Ltd. Shares of Ircon International Ltd. closed 2.08% lower at Rs 223.80 apiece on the BSE, compared to a 0.62% decline in the benchmark Sensex. 

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