Intimation of receipt of work order
Price
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DMR Hydroengineering & Infrastructures, as lead partner with Germany's Fichtner GmbH, has received a work order worth approximately ₹8.83 crore (inclusive of GST) from THDC India Limited. The order is for engineering consultancy services to prepare a Detailed Project Report (DPR) for the 1,950 MW Aruna Pumped Storage Project in Maharashtra. The contract is to be executed over 13.5 months. THDC India Limited is a Government of India public sector undertaking under the Ministry of Power, and the order is a domestic, non-related-party transaction.
This is a positive development for the company, adding a meaningful consultancy order from a reputed government PSU, which strengthens its order book in the hydro and pumped storage segment. The partnership with Fichtner GmbH also adds credibility. However, the contract size is modest, so the immediate impact on stock price may be limited.