Stock Report

Om Infra receives LOA from Government of Uttar Pradesh for rural water supply project

Posted On : 2022-02-08 16:41:16( TIMEZONE : IST )

Om Infra receives LOA from Government of Uttar Pradesh for rural water supply project

Om Infra Limited, a prominent EPC Company in water, irrigation and hydroelectric projects having diverse business related to engineering and mechanical components, turnkey solutions from design drawing till complete commissioning, in a joint venture(Om Infra Ltd. Share ~80% ) have received a letter of award subject to approval of DPR for "survey, design, preparation of DPR, construction, commissioning and O & M for 10 years for rural water supply" for a total villages of 1051 in two divisions of Moradabad in Uttar Pradesh namely Rampur and Amroha from the state water supply and sanitation mission , Govt of Uttar Pradesh for an approximate estimated value of Rs.1051 cr.

Commenting on the development, Mr. Vikas Kothari, Managing Director & CEO said that, "We are very delighted to win this prestigious order from Government of Uttar Pradeshin the water distribution segment. It takes a quantifiable leap in project bandwidth and revenue streams and prompts us to prepare for much higher leaps in the near future. We are aggressively focused for enhancing our foot prints in India sneighbouring countries and Africa through our core business. With our order pipeline brimming with several more opportunities on all front, we are bullish on our growthin the water infrastructure EPC business in the years to come."

Shares of OM INFRA LIMITED was last trading in BSE at Rs. 48.60 as compared to the previous close of Rs. 45.00. The total number of shares traded during the day was 130678 in over 1768 trades.

The stock hit an intraday high of Rs. 49.85 and intraday low of 44.05. The net turnover during the day was Rs. 6285134.00.

Source : Equity Bulls


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