SRM Contractors Bags ₹500.99 Crore in New Contracts
SRM Contractors Limited secured new contracts worth ₹500.99 crore. Key awards include ₹210.98 crore from MSIDC for infrastructure development in Nashik, ₹60.43 crore from MoRT&H for road construction in Uttarakhand, and ₹229.57 crore from NF RLY Construction for railway project works. Execution timelines range from 12 to 24 months.
The total value of the new contracts secured is substantial (₹500.99 crore), representing a significant addition to the company's order book and expected to have a material impact on its future financial performance.
The company has announced the successful bagging of significant new contracts, which is a positive development for its business growth and revenue prospects.
SRM Contractors Limited has announced the bagging of new contracts valued at ₹500.99 crore (Rupees Five Hundred Crore Ninety-Nine Lakh Twenty Thousand Two Hundred Thirteen and Ten Paise Only).
The contracts include a significant award from MSIDC (Maharashtra State Infrastructure Corporation Limited) for the proposed construction and integrated development of Darshan Path Tappa-2, Darshan Path-2, Ghat Shahi Marg, and Shivdarshan Path at Trimbakeshwar, Nashik. This project, which includes electrical works, has a value of ₹210.98 crore and is to be executed within 12 months from the appointed date.
Additionally, the company secured a contract from MoRT&H (Ministry of Road Transport & Highways) for the treatment of landslide locations on NH-107 and NH-107A in Uttarakhand. This project is valued at ₹60.43 crore and has a completion timeline of 18 months from the appointed date.
Furthermore, SRM Contractors will undertake protection work at the approach of Tunnel No. 10 Portal -1, earthwork, and ancillary works between Piphema - Zubza section in connection with the Dimapur – Kohima New BG Line Project for NF RLY Construction. This contract is valued at ₹229.57 crore and is expected to be completed within 24 months from the appointed date.
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