Greenleaf receives Rs 16.80 crore sewage project letter of intent
GREENLEAF · price
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Greenleaf, jointly with another body corporate, received a letter of intent from U.P. Jal Nigam (Urban), Gorakhpur for a Rs 16.80 crore project, excluding GST. It covers a 5.50 MLD sewage treatment plant, an 8.00 KLD co-treatment plant, sewer lines and a pumping station at Mehdawal under SBM (U) 2.0. The price is 6.55% below the estimate. Timing is mutually agreed and includes a three-month trial run, with defect liability of 12 months for civil work and 24 months for electrical and mechanical work.
It offers a domestic revenue opportunity, but the letter of intent is not a final contract and timing is not fixed, so near-term earnings impact remains uncertain.