Shashijit Infraprojects Ltd receives LOI from Apar Industries Ltd

Shashijit Infraprojects Limited has been granted a Letter of Intent (LOI) for a Store Area Land Development Project by Apar Industries Limited without Steel & Cement. As a prominent entity in the construction industry in South Gujarat, we take great pride in securing this LOI for the Store Area Land Development Project valued at approximately Rs. 29 Million (excluding tax). The project site is located at their Khanwel-Unit VI, UT of DNH & DD. This accomplishment marks a significant milestone for Shashijit Infraprojects Limited, reaffirming our steadfast commitment to delivering top-notch construction services while contributing to the growth and advancement of the construction sector in the region.

We wish to underscore that none of the Promoters or members of the Promoter Group holds any vested interest in the aforementioned project. Furthermore, it is imperative to note that this project does not fall within the purview of related party transactions.

Upon reception of this notification, Mr. Ajit Jain, Chairman & Managing Director, expressed his enthusiasm, stating, "I am thrilled to announce that Shashijit Infraprojects Limited has been awarded this significant project from Apar Industries Limited after 15 long years of collaboration with our esteemed old client. It signifies yet another remarkable milestone in our journey. This achievement underscores our unwavering commitment to excellence and our ability to consistently deliver exceptional results. Let us collaborate effectively to capitalize on this opportunity and make it a resounding success. I have complete confidence in the capabilities and dedication of our team. Together, we shall make this project an exemplary representation of what Shashijit Infraprojects Limited stands for - quality, innovation, and excellence."

Source : Equity Bulls

Keywords

ShashijitInfraprojects LOI StoreAreaLandDevelopmentProject AparIndustries