Om Infra Ltd emerges L1 for a Water Resource Project in Chhattisgarh valued at Rs. 568.98 Crores

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

The bid is for a major commercial infrastructure contract involving the construction of Mohmela Sirpur Barrage Project and all appurtenant works including pipe irrigation network, operation and maintenance for five years after completion of construction work on Mahanadi River in Tahsil-Arang, Dist. Raipur (Chhattisgarh).

Contract Value: ₹568.98 Crores (Rupees Five Hundred Sixty-Eight Crores and Ninety-Eight Lakhs only).

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 barrage and hydro-mechanical works-and highly advanced micro-irrigation systems. This project will bring highly efficient, sustainable water management to the region."

Shares of OM INFRA LIMITED was last trading in BSE at Rs. 86.98 as compared to the previous close of Rs. 87.84. The total number of shares traded during the day was 3889 in over 167 trades.

The stock hit an intraday high of Rs. 88.47 and intraday low of 86.29. The net turnover during the day was Rs. 337750.00.

Source : Equity Bulls

Keywords

OMINFRA INE239D01028 Construction Engineering OrderWin WaterResourceProject