Vishnu Prakash R Punglia bags Rs 899 crore projects in Uttarakhand; stock hits new 52-week high

27 Dec 2023 , 02:50 PM

Vishnu Prakash R Punglia Ltd said on Tuesday (December 26) that it has received a Letter of Award from the Uttarakhand government for projects worth Rs 899 crore.

According to a stock exchange statement, the LoA is for two critical projects targeted at improving water delivery infrastructure in Uttarakhand.

We are pleased to inform you that Vishnu Prakash R Punglia Limited has received a Letter of Award from the Office of the Programme Director, Uttarakhand Urban Sector Development Agency, Urban Development Department, Government of Uttarakhand, said the company.

The first project is for the development of a Water Supply System with 18 Years of O&M in Haldwani, Uttarakhand (Package 3), and has a bid project cost of 525.49 crore.

The second project is titled Development of Water Supply System with 18 Years O&M at Kotdwar (Zone 2), Uttarakhand, and it has a bid project cost of 373.21 crore.

At around 2.34 PM, Vishnu Prakash R Punglia was trading 4.21% higher at Rs 226.40, against the previous close of Rs 217.25 on NSE. The counter hit a new 52-week high of Rs 242.

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