Enhancement Order Received from Uttrakhand Pey Jal Sansadhan Vikas Evam Nirman Nigam on Existing Order of Rs 13.46 crore.
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NACDAC Infrastructure Limited has received a sanctioned enhancement of Rs 13.46 crore (excluding GST) on its existing contract from Uttarakhand Pey Jal Sansadhan Vikas Evam Nirman Nigam (Construction Wing), Haldwani. The original contract, valued at Rs 20.97 crore, was secured prior to the company's IPO for construction of a Bus Terminal and Workshop Building at U.T.C., Ramnagar, District Nainital. With the enhancement, the revised contract value rises to approximately Rs 34.43 crore, marking a 64.2% increase. The extra work covers civil, plumbing, drainage, fire-fighting, electrical, lighting, air-conditioning, ventilation and pumping works, to be executed by March 2027. The order is from a domestic government entity with no related-party interest.
This is a positive development for shareholders as it represents a substantial 64.2% upward revision of an existing contract, boosting the order book and providing revenue visibility through March 2027. The fact that the enhancement comes from a state government undertaking suggests strong execution credibility, though it also concentrates revenue exposure on a single government client.