H.M. Electro Mech Limited has received the Work Order.
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H.M. Electro Mech Limited has received a work order worth Rs. 74.44 crore (excluding GST) from Gujarat Water Infrastructure Limited (GWIL), a government-linked entity. The order is for designing, constructing, testing, and commissioning an RCC underground sump and pump house including supply, installation of pumping machinery, electro-mechanical and instrumentation works, plus 10 years of operation and maintenance at the Navda Pumping Station in Botad district, Gujarat. The company is executing this as a Joint Venture where it holds 69% stake and V.L. Infraprojects holds 31%. The project has a 24-month execution timeline.
The order size of Rs. 74.44 crore represents a significant revenue opportunity for a small-cap company with a market cap of around Rs. 240 crore, likely exceeding several years of its annual revenue. This is a substantial domestic infrastructure win that could boost order book visibility through FY2028.