VMPL
Ghaziabad (Uttar Pradesh) [India], August 4: Listed infrastructure contractor VVIP Infratech Limited on Monday stated it has acquired a Letter of Intent (LOI) price 198.49 crore from the Delhi Jal Board for sewerage works linked to 2 proposed Domestic Sewage Treatment Plants (DSTPs) within the nationwide capital.
The LOI, issued by the Office of the Executive Engineer (PR), SR-I, Delhi Jal Board, covers the offering, laying and jointing of inner and peripheral sewer strains together with home service connections (HSCs) within the command space of the proposed DSTPs at Mohammadpur Majri and Kanjhawala in outer Delhi.
The order carries a completion interval of 24 months and is funded by the Government of the National Capital Territory of Delhi, the corporate stated in a submitting to the BSE below Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The precise contract worth is 198,49,49,988.
Second giant win in 4 months
The Delhi order follows a Letter of Award for a 60 MLD sewage therapy plant in Haryana price about 104 crore, which the corporate acquired in July.
‘This 198.5 crore undertaking comes on the heels of our latest 60 MLD STP undertaking win price 104 crore,’ stated Vaibhav Tyagi, Managing Director, VVIP Infratech Limited. He added that the wins had helped construct credentials for bigger tasks and that the corporate had secured vital enterprise within the first 4 months of the present monetary yr.
With the newest LOI, VVIP Infratech’s unexecuted standalone order guide stands at 1,072.14 crore, unfold throughout sewage therapy and sewerage works, electrical distribution below the Revamped Distribution Sector Scheme (RDSS) and water provide tasks below the Jal Jeevan Mission. The firm stated this interprets into roughly two to 3 years of standalone income visibility.
About the corporate
VVIP Infratech Limited, previously Vibhor Vaibhav Infra Private Limited, is a Ghaziabad-headquartered Class ‘A’ civil and electrical contractor with greater than 25 years of operations throughout Uttar Pradesh and Uttarakhand. Its execution portfolio consists of sewage therapy crops constructed on SBR know-how of as much as 56 MLD capability, sewerage networks, Jal Jeevan Mission water provide schemes and electrical distribution methods as much as 33 KV. The firm says it has accomplished over 50 tasks with no defaults.
The firm is listed on the BSE below scrip code 544219 and the image VVIPIL. Through its 90 per cent subsidiary VVIP Realtech Private Limited, earlier generally known as Vibhor Vaibhav Infrahome Private Limited, the group additionally runs a residential actual property enterprise and has delivered 75 lakh sq. toes throughout the National Capital Region.
The BSE submitting was signed by Kanchan Aggarwal, Company Secretary and Compliance Officer.
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