Om Infra JV wins LoA from BMC

16 Jul 2022 , 05:04 PM

The company secured the LoA from Brihanmumbai Municipal Corporation (BMC) under Mumbai sewage disposal project Stage-2. The project cost is Rs 1,170 crore. Om Infra in joint venture bagged this project with 30% share. The share of the company amounts to Rs 351 crore. The contract period for the subject work is 48 months for design & build and further 15 years of operation and maintenance. Vikas Kothari, managing director and CEO said, This is a significant step in the direction of achieving Swachh Bharat and we are thrilled to have been a part of this journey. It also underlines our ability to provide a holistic offer in environmental services, covering the entire water cycle, to support the resource protection of the city. This project will greatly improve the standard of vital water infrastructure and living conditions for many residents in Mumbai. We expect that large number of projects will continue to move forward. Om Infra is one of the leading engineering & construction company undertaking heavy civil, infrastructure and EPC business and operating in India and abroad for five decades with an established presence and expertise in EPC solutions for engineering and construction of dams, hydropower and irrigation projects. It has successfully executed more than 60 civil and hydro mechanical projects for Hydro power and irrigation across the country and abroad. On consolidated basis, the EPC company reported a net loss of Rs 1.46 crore in Q4 FY22 as against a net loss of Rs 4.29 crore in Q4 FY21. Net sales rose 7.9% year on year to Rs 121.60 crore in Q4 March 2022. Shares of Om Infra rose 2.69% to Rs 30.50 on Friday. Powered by Capital Market – Live News