Om Infra Ltd emerges L1 for a Water Resource Project in Rajasthan valued at Rs. 482.27 Crores

Om Infra Limited (the "Company") is the Lowest Bidder (L1) as per data released by the Water Resource Department (WRD), Rajasthan.

The bid is for a major EPC Turnkey contract involving the construction of a dam and the development of a pressurized irrigation network under the Andheri Medium Irrigation Project in Baran District, Rajasthan.

ey Details of the Project Bid:

- Project :Construction of Dam and Development of Pressurized Irrigation Network to irrigate the Command Area under Andheri Medium Irrigation Project including Survey, Design, Construction, Operation & Maintenance of Dam and Piped Network canal System. (Tehsil: Chhabra, District: Baran, Rajasthan on EPC Turnkey Basis).

- Awarding Authority: Water Resource Department (WRD), Rajasthan

- Project Value: Rs. 482.27 Crores (Rupees Four Hundred Eighty-Two Crores and Twenty-Seven Lakhs)

- Status: L1 Bidder. The oicial Letter of Intent (LOI) is subject to the completion of WRD's internal processes and procedures.

Management Commentary: "We are highly encouraged to be declared the lowest bidder for this prestigious, modern irrigation infrastructure project. This project underscores Om Infra's deep execution capabilities in both complex civil engineering-like dam and hydro-mechanical works-and highly advanced micro-irrigation systems. By implementing pressurized distribution, solar power, and SCADA automation, this project will bring highly eicient, sustainable water management to nearly 10,000 hectares of farmland in Rajasthan. We look forward to receiving the formal Letter of Intent (LOI) to kickstart execution."

Shares of OM INFRA LIMITED was last trading in BSE at Rs. 87.30 as compared to the previous close of Rs. 86.54. The total number of shares traded during the day was 136911 in over 1446 trades.

The stock hit an intraday high of Rs. 97.45 and intraday low of 85.86. The net turnover during the day was Rs. 12832897.00.

Source : Equity Bulls

Keywords

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