Shradha Infraprojects Subsidiary Bags ₹53 Crore Temple Upgrade Order! 🏗️
Hey finance enthusiasts! 👋
Big news from the infrastructure sector today! Shradha Infraprojects Limited (NSE: SHRADHA), a name you might recognize in the construction space, has announced a significant order win through its material subsidiary, Active Infrastructures Limited. This is definitely something to keep an eye on!
Active Infrastructures has successfully bagged a substantial purchase order from Mecgale Pneumatics Pvt. Ltd. The deal is valued at a whopping ₹53 crore (that’s Five Crore Thirty Lakhs Only!), plus applicable taxes. Talk about a major boost! 💰
So, what’s the project all about? Active Infrastructures will be undertaking the “Up-gradation of visitor amenities/ facilities, enhancement of built and natural features at Chaturdash Devta Temple and Kasba Kalibari Temple and Reconstruction of Yatri Niwas at Chaturdash Devta Temple Agartala Site.” This sounds like a comprehensive project aimed at enhancing the experience for visitors and pilgrims.
The scope of work is quite diverse, covering everything from supplying mild steel gazebos and tensile walkway canopies to installing organic waste composting machines, sewage treatment plants, and even water ATMs! Plus, there’s a significant component for electrical and mechanical items, lighting, and fire fighting systems. It’s a full-package deal!
This project is set to be executed within 12 months from the date of the purchase order, or potentially longer depending on input details and site progress. The company expects this order to contribute positively to its revenue, which is always great news for investors looking at the long game.
It’s exciting to see companies like Shradha Infraprojects and its subsidiaries securing such impactful domestic projects. These wins not only strengthen their order books but also highlight their capabilities in diverse infrastructure development. Keep an eye on SHRADHA as they move forward with this promising venture! ✨
source: Corporate Announcement
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