Om Infra stock zooms 9% on receiving two major contracts from Rajasthan Govt

17 Mar 2022 , 01:00 PM

Om Infra Limited, a prominent EPC Company involved in infrastructure projects related to water, irrigation and hydroelectric power projects executing turnkey solutions from design engineering, procurement, construction, commissioning including Operation & Maintenance, have received following Letter of Awards:

• For “work of Nokha Water Supply Project to provide Functional Household Tap Connection (FHTC) including 10 years O & M under Jal Jeevan Mission (JJM) in District Bikaner” for an estimated contact value of Rs609 crore. (Om Infra Share in joint venture is 50%)
• For “work of Water Supply Project including reorganisation and improvement of various existing WSS of Khajuwala Constituency of Bikaner District including 10 years O & M” for an estimated contract value of Rs370 crore. (Om Infra Share in joint venture is 59%)

Commenting on the development, Vikas Kothari, Managing Director & CEO said that, “We are very delighted to win this prestigious order from Government of Rajasthan. This will result in a quantifiable leap in our revenues and primes us to prepare for much higher leaps in the near future.

We are aggressively focused for enhancing our foot prints in India, neighbouring countries and Africa through our core business. With the recent significant order book additions in Rajasthan and Uttar Pradesh under Government of India’s Jal Jeevan Mission, our order pipeline brimming in humongous water distribution and network sector with several more opportunities at all fronts, we are bullish on our growth in the years to come.”

Vikas Kothari further added that Jal Jeevan Mission is one of the most prime and ambitious Water Infrastructure development programs of the Government of India with contribution from the various state Governments and we are delighted to be chosen as an implementation partner.

At around 1:02 PM, Om Infra was trading at Rs45.70 per piece higher by 9.86% on Sensex.