Om Infra bags LoA worth over Rs. 1170 cr for Bhandup Waste Water Treatment Facility

Om Infra has in a Joint Venture (Om Infra Limited Share - 30%) received a Letter of Acceptance from Brihan Mumbai Muncipal Corporation for the work of "Design, Build and Operation & Maintenance of Bhandup Waste Water Treatment Facility under Mumbai Sewage Disposal Project-Stage-I] (Priority Works)" for total consideration of Rs. 1170,00,00,000/- (Rupees One Thousand One Hundred Seventy Crores Only) inclusive of all taxes & duties, Goods and Service Tax (GST). The contract period for the subject work is 48 (Forty Eight) months for design & build and further 15 years of operation and maintenance.

Expressing his happiness on the development, Mr. Vikas Kothari, Managing Director & CEO said, "This is a significant step in the direction of achieving Swachh Bharat and we are thrilled to have been a part of this journey. It also underlines our ability to provide a holistic offer in environmental services, covering the entire water cycle, to support the resource protection of the city. This project will greatly improve the standard of vital water infrastructure and living conditions for many residents in Mumbai. We expect that large number of projects will continue to move forward."

Shares of OM INFRA LIMITED was last trading in BSE at Rs. 30.50 as compared to the previous close of Rs. 29.70. The total number of shares traded during the day was 8859 in over 267 trades.

The stock hit an intraday high of Rs. 31.20 and intraday low of 29.40. The net turnover during the day was Rs. 269651.00.

Source : Equity Bulls

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