SRM Contractors Bags Contracts Worth ₹168 Crore from NHAI and PWD Maharashtra
SRM Contractors Limited announced securing new contracts worth ₹168 Crores. These include a ₹128 Crore contract from NHAI for landslide remedial measures in Himachal Pradesh, to be completed in 12 months. Additionally, a ₹40 Crore contract was awarded by the Public Work Department, Maharashtra, for road and bridge construction, with an 18-month execution period.
The contracts are of a substantial value (₹168 Crores combined) and will contribute to the company's order book and future revenue, impacting its financial performance and market position.
The company has secured 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 totaling ₹168 Crores. The contracts were awarded by the National Highways Authority of India (NHAI) and the Public Work Department, Maharashtra.
The contract from NHAI is for the 'Construction Of Long-Term Remedial measures of identified Landslide location i.e., Thalout, Ch. 229+600 To Ch. 230+100 between PANDOH TO KULLU Section of NH-03 (Old NH -21) in the State of Himachal Pradesh under NH(O) on EPC mode'. This contract is valued at ₹128 Crores and is to be executed within 12 months from the appointed date. The contract was awarded by a domestic entity.
The second contract is from the Public Work Department, Maharashtra, for the 'Construction of 2L + PS configuration road, Minor Bridge, Culvert in forest stretches (L -7.1 Km.) & Balance MJB work on Nal River on Nandgaon Peth -Morshi Warud MH/MP Border Road Section of NH - 353K on EPC Mode in the State of Maharashtra'. This contract is valued at ₹40 Crores and has a time period of 18 months from the appointed date for execution. This contract was also awarded by a domestic entity.
SRM Contractors Limited has confirmed that neither the promoter, promoter group, nor group companies have any interest in the entities that awarded these contracts, and these contracts do not fall within related party transactions.
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