Please find the intimation along with the work order for the sub-contract towards the constructions under EPC.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Maruti Global Industries Ltd has received a sub-contract work order of approximately Rs. 22.99 crore from KMC Constructions Limited. The work involves construction of structural works, retaining walls, RCC drains, major bridges, and flyovers as part of the NH-66 highway project from Vengalam to Ramanattukara in Kerala. This is a domestic order awarded to Maruti Global as a sub-contractor, while KMC Constructions holds the main EPC contract from NHAI (National Highways Authority of India). The company states this order is in the ordinary course of business and is expected to contribute positively to its operational performance. The order includes various construction items like foot over bridges, road markings, precast concrete slabs, pile foundations, and gantry fabrication.
This order win is positive for the company as it provides revenue visibility from infrastructure construction work. Being a sub-contract on a major national highway project adds credibility, though the actual financial impact will depend on Maruti Global's total revenue base.