Joint venture wins Rs 89.73 crore Punjab bridge contract
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The company's joint venture with Gaaneshkartikey received an LOA worth Rs 89.73 crore from Punjab's Public Works Department for a 1,606-metre, 44-span bridge over the Ravi and 4,144 metres of approaches. The centrally funded road project must be completed within 24 months and requires 3 percent performance security.
Adds a sizeable government-backed order and improves revenue visibility, though execution, cost and margin risks remain.