The shares of micro-cap infra stock, VVIP Infratech Limited were locked 5% higher on 3 April after the company announced securing an order worth Rs 414 crore for infrastructure projects.
VVIP Infratech Limited has secured fresh orders of Rs 414 crore for infrastructure projects. These projects include a Rs 175.80 crore sewerage network project in Uttarakhand, which is being sponsored by German Financial Cooperation, and Rs 238.36 crore electric distribution projects in Uttar Pradesh through the Revamped Distribution Sector Scheme (RDSS).
The sewerage project in Rishikesh aims to promote cleanliness, while the electric projects aim to divide agricultural and rural electrical consumption between areas. The projects are expected to be completed between 547-730 days. This result highlights VVIP Infratech’s expertise in infrastructure development and commitment to providing high-quality work on schedule, all while contributing to India’s advancement in sanitation and power distribution.
The firm works on a number of infrastructure projects, including sewer lines, water tanks, and treatment plants. It also constructs roads, sectors, and buildings and controls electrical power up to 33 kVA. Furthermore, it focuses on programs to improve water supply under the Jal Jeevan Mission.
As of 31 January 2025, VVIP Infratech Limited has an order book valued at Rs. 560.83 crore. This includes contracts for a range of infrastructure projects, including water treatment plants, energy projects, and sewerage systems.
At 1:21 pm, the shares of VVIP Infratech were locked 5% higher at Rs 171.70 on NSE.
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