Shashijit Infraprojects receives LOI for Rs. 210 Million Effluent Treatment Plant, Chemical and Utility Building and other civil work Project

Shashijit Infraprojects Limited has been awarded a Letter of Intent (LOI) for the construction of Effluent Treatment Plant (ETP), Chemical and Utility Building and other civil work from Waaree Energies Limited. As a prominent player in the construction industry in South Gujarat, we are honored to receive this LOI for the construction of an Effluent Treatment Plant (ETP), Chemical and Utility Building and other civil work project valued at approximately Rs. 210 Million. The project site is situated at Survey No. 1934, Near Darshan Hotel, NH-48, Village-Degam, Taluka-Chikhali, Dist. Navsari, Gujarat-396530, India.

This achievement represents a significant milestone for Shashijit Infraprojects Limited, reaffirming our unwavering commitment to delivering high-quality construction services while contributing to the growth and advancement of the construction sector in the region.

We would like to emphasize that none of the Promoters or members of the Promoter Group has any vested interest in the aforementioned project. Furthermore, it is important to note that this project does not fall within the scope of related party transactions.

Upon receiving this notification, Mr. Ajit Jain, Chairman & Managing Director, expressed his enthusiasm, stating, "I stand before you today with immense pride and gratitude as we receive this Letter of Intent from Waaree Energies Limited for the construction of Effluent Treatment Plant (ETP), Chemical and Utility Building and other civil work. This is not just a testament to our capabilities but a significant milestone in our journey toward excellence. I would like to express my heartfelt thanks to Waaree Energies Limited for placing their trust in us. We understand the magnitude of this project and the responsibility it carries. It is a clear reflection of our relentless commitment to quality, innovation, and unwavering dedication to our clients. This Letter of Intent is not just a recognition but a challenge and an opportunity to raise the bar even higher."

Shares of Shashijit Infraprojects Ltd was last trading in BSE at Rs. 38.10 as compared to the previous close of Rs. 38.89. The total number of shares traded during the day was 28084 in over 76 trades.

The stock hit an intraday high of Rs. 42.00 and intraday low of 38.00. The net turnover during the day was Rs. 1074013.00.

Source : Equity Bulls

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